Shares of Hindustan Zinc rose over 3 per cent on Bombay Stock Exchange (BSE) on reports that the government is mulling amendments to the Metal Corporation Nationalization and Miscellaneous Provisions Act, 1976 in order to push the sale of its remaining stakes in the company.
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A senior government official told ET that an opinion has already been sought from the attorney general on this matter.
Reacting to the news, shares of company gained 3.52 per cent in intra-day trade to Rs 135.25 apiece on the BSE.
In a similar trend, shares of the company surged 3.64 per cent to Rs 135.25 a piece on National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 25,638.31, up 320.44 points, or 1.25per cent at 11.10 hours.