Vedanta Limited has announced plans to divest a 3.31% stake in its subsidiary Hindustan Zinc Limited (HZL) through an offer for sale (OFS). The sale will involve up to 14 crore shares, an increase from the initially planned 2.6% stake or 11 crore shares. This decision was approved by Vedanta's board and is expected to raise approximately ₹6,400 crore. The move is part of Vedanta's strategy to manage its investments and enhance liquidity. The decision has impacted the stock market, with Hindustan Zinc's share price dipping 4% to ₹556.35 on the BSE following the announcement. The free float of Hindustan Zinc shares is expected to double as a result of this divestment. Additionally, Hindustan Zinc is set to consider a second interim dividend proposal on August 20.