The Vedanta share price grabbed the spotlight in the stock market today after the company cleared a key decision tied to its subsidiary, Hindustan Zinc. The move triggered strong buying interest early in the session, pushing Vedanta shares to a fresh all-time high and keeping the counter firmly in focus through the morning trade.
What stood out wasn’t just the price move—but the timing, the structure of the decision, and how the market chose to react.
Market Performance: Vedanta Outperforms the Broader Market
Vedanta shares opened on a strong note and continued to climb as the session progressed.
- Vedanta shares rose 3.8%, touching an all-time high of ₹732.65 per share on the BSE
- Around 9:35 AM, the stock traded 3.7% higher at ₹731.75
- At the same time, Hindustan Zinc shares slipped 0.65% to ₹721.85
- The BSE Sensex was trading 0.46% higher at 82,230.74
The divergence between Vedanta and Hindustan Zinc was notable. While Vedanta surged, its subsidiary moved slightly lower, reflecting the immediate impact of the proposed stake sale.
Main News: Board Approves Hindustan Zinc Offer for Sale
The rally in the Vedanta share price followed a regulatory filing that confirmed a major board-level decision.
Vedanta informed stock exchanges that its authorised committee of directors approved the sale of up to 6,70,00,000 equity shares of Hindustan Zinc.
Key details of the OFS plan:
- Total shares approved for sale: 6.7 crore equity shares
- Stake size: 1.59% of Hindustan Zinc’s paid-up equity capital
- Mode of sale: Offer for Sale (OFS) via stock exchange mechanism
- Approval date and time: January 27, 2026, at around 4:15 PM IST
The company confirmed the transaction would be carried out in line with applicable SEBI regulations and stock exchange guidelines.
Hindustan Zinc OFS: Pricing and Structure
Hindustan Zinc, in a separate disclosure, shared the pricing and structure of the OFS.
- Floor price: ₹685 per share
- Discount to previous close: 5.8%
- Previous BSE close: ₹726.6 per share
- Estimated proceeds at floor price: ₹4,589.5 crore
The offer structure was split into two parts:
- Base offer: 0.79% stake
- Additional offer (if oversubscribed): another 0.79%
- Total possible sale: 1.59%
The OFS schedule was clearly defined:
- Non-retail investors: Wednesday, January 28
- Retail investors: Thursday, January 29
Company Details: Shareholding Snapshot
As of December 31, the shareholding pattern in Hindustan Zinc highlights a concentrated ownership structure.
- Vedanta stake: 61.84%
- Government of India stake: 27.92%
This makes the Indian government the second-largest shareholder in the zinc and silver miner.
The OFS, once completed, would slightly dilute Vedanta’s holding while leaving it firmly in control.
Stock Market Today: Long-Term Performance Context
The reaction to the OFS announcement comes against the backdrop of a strong year for both stocks.
- Vedanta shares: up 63.8% over one year
- Hindustan Zinc shares: up 65.8% in the same period
- BSE Sensex: gained 7.8%
The numbers underline how sharply these counters have outperformed the broader market over the past year.
What Else Is on the Radar?
Apart from the OFS, Vedanta also confirmed a key upcoming event.
- Q3FY26 results date: Thursday, January 29, 2026
The timing places the earnings announcement just days after the OFS decision, keeping Vedanta firmly in the market spotlight.
Summary: Why Vedanta Share Price Is in Focus?
The surge in the Vedanta share price during the stock market today reflects a clear market response to a concrete corporate action, not speculation.
In simple terms:
- The board approved a partial stake sale in Hindustan Zinc
- The OFS details, pricing, and timeline were clearly laid out
- The stock reacted immediately, hitting an all-time high
- Long-term performance continues to outpace benchmark indices
With regulatory clarity, defined timelines, and visible market participation, Vedanta remains one of the most closely watched stocks in the current session.
Source: Business Standard
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