For the $2.98 billion Vedanta deal, the Centre will ask HZL to go for share swaps and warrants

For the $2.98 billion Vedanta deal, the Centre will ask HZL to go for share swaps and warrants.

HZL’s board of directors approved the acquisition of zinc assets from THL Zinc Ventures, a subsidiary of Vedanta Ltd, on January 19.

[{"selector":"#anim-82fb440d-9561-4c7e-aab5-47179e3eed78","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f117bbfd-f23a-45a7-8739-bc47e09696e2","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The Centre may ask Hindustan Zinc Ltd (HZL) to consider alternatives to cash.

[{"selector":"#anim-5487fcc7-f4a7-4502-af5f-6eb8552f5d23","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c7bd93ab-cc97-405c-97e5-1a976a8c8810","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Vedanta owns 64.9% of HZL, while the Centre owns the remaining 29.5%.

[{"selector":"#anim-9efe764c-f4ab-483a-943e-85c5193d3469","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-656ecaef-e9d4-4176-9758-595e747d921f","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]