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Facing strong opposition from the government, Hindustan Zinc Ltd (HZL) is unlikely to act on the proposal to buy parent Vedanta’s global zinc business in a $2.98 billion cash deal, said people aware of the matter.
India’s capital markets regulator on April 2 made a detailed presentation to the six-member committee set up by the Supreme Court following the publication of the Hindenburg report on Adani Group on January 25, said people familiar with the matter.
Portea Medical (Healthvista India Ltd) has reclassified its founders Meena Ganesh and Ganesh Krishnan as “promoters”, the company disclosed in a filing with the Securities and Exchange Board of India (Sebi) last month. It marks the first instance where the stock markets regulator has intervened to get the founders to be reclassified as promoters, said people aware of the development.
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