What is the size and floor price of the Hindustan Zinc OFS?

Vedanta launched a two-day OFS to sell up to 1.59% of Hindustan Zinc with a floor price of ₹685 per share, a discount of about 6% to recent market levels. The company aims to raise roughly ₹4,589 crore, subject to final demand, subscriptions, and pricing outcomes.

How did the OFS impact the Vedanta share price today?

Vedanta share price jumped to ₹737.10, up 7.74%, hitting a record high of ₹741.95 as traders priced in balance sheet gains and better liquidity. Heavy volumes supported the move. Follow-through will depend on OFS demand, pricing above the floor, and guidance in the quarterly results.

Is the OFS positive for Vedanta deleveraging?

Yes. Cash proceeds can retire debt and lower finance costs, helping Vedanta deleveraging. With debt to equity at 2.57 and interest coverage at 6.58, incremental reduction improves resilience. Execution on debt paydown, discipline on new capex, and stable commodity prices will shape the magnitude of benefits.

What should retail investors track during the Vedanta Hindustan Zinc OFS?

Track exchange notices for subscription updates and final pricing, compare the cut-off to the ₹685 floor, and check allocation details. Also watch Vedanta’s 29 January results for commentary on debt repayment and dividends. Price action around support levels after the event can offer better risk-reward entries.

What risks follow the Vedanta Hindustan Zinc OFS?

Key risks include weaker-than-expected OFS demand, commodity price swings affecting cash flows, and slower debt reduction. Technically, price is extended above bands, raising pullback risk. Liquidity metrics like a 0.73 current ratio mean steady operating cash generation is important after the event.

Global Market Insights

VEDL.NS Stock Today: January 28 HZL OFS to Raise ₹4,589 Cr, Vedanta Jumps

ByHuzaifa Zahoor January 28, 2026January 28, 2026

Vedanta Hindustan Zinc OFS began on 28 January with a ₹685 floor price to sell up to 1.59% of HZL, aiming to raise about ₹4,589 crore for debt reduction. Shares of VEDL.NS jumped, trading at ₹737.10, up 7.74%, and hitting a record high of ₹741.95. Hindustan Zinc eased on supply and discount pressure. Investors see the Vedanta Hindustan Zinc OFS as a near-term liquidity boost and a step toward simplifying the capital structure in India’s metals space.