GK and monthly revision

Hindustan Zinc OFS opens: How can retail investors participate?

Hindustan Zinc, a subsidiary of Vedanta, has opened an Offer for Sale (OFS) for retail investors on January 29. The promoter, Vedanta, aims to raise up to Rs 4,500 crore by selling 0.79% of the company's equity, with a green shoe option of 0.59% additional stake. This OFS is significant for exam preparation as it provides insights into the functioning of the Indian stock market and the role of public offerings in raising funds.