Is Hindustan Zinc taking the bullet for cash-starved parent Vedanta?
In a move seen to ease some pain from its cash-starved parent company, Hindustan Zinc Ltd, even at the risk of turning net debt from net cash, announced a whopping Rs 10,983 crore dividend payout. According to analysts, Vedanta, which has a 64.92% stake in Hindustan Zinc, will receive Rs 7,132 crore as its share of the latest dividend payout.
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