Cabinet okays 29.5% sale in Hind Zinc, may get Rs 38,000 crore

In a fresh push to disinvestment, the Union Cabinet on Wednesday approved the sale of the government’s residual stake of 29.5% in Hindustan Zinc (HZL) which may help raise much-needed revenues of nearly Rs 38,000 crore. The move came even as top officials suggested that the Centre will push for the privatisation of two state-run lenders.