Hindustan Zinc to pursue demerger, CEO says
India’s Hindustan Zinc is discussing the possibility of splitting the company into two units with the Indian government, which is opposed to the proposal, CEO Arun Misra said on Friday.Misra’s comments follow the Indian government’s rejection of a similar proposal in March, as the miner’s largest minority shareholder was not convinced that such a move would boost shareholder value.The government has also started road shows to sell its stake in the miner, Misra said.