The government has conducted several roadshows in the last 15 days in financial capitals such as Mumbai, London, Boston and New York, Singapore and Hongkong to assess the market and meet investors for the sale of its stake in Vedanta Group firm Hindustan Zinc Ltd.

The government, which owns 29.5 per cent in the company, is the largest minority shareholder in Hindustan Zinc.

“The roadshow is about the divestment process. So, the government is committed to the divestment of some of its stake in Hindustan Zinc... to assess the market and meet investors several roadshows have happened in the last 15 days,” said mines secretary V. L. Kantha Rao said on Monday.

The Centre had earlier disclosed that wanted to sell its stake in the company through an offer for sale (OFS), though a decision will be taken after testing the market.

Shares of HZL on Monday closed with gains of 0.63 per cent at ₹503.50 on the BSE.

The Supreme Court had in 2021 allowed the government to sell its residual stake in Hindustan Zinc in the open market.

Recently, CEO Arun Misra had said the company has held fresh discussions with the government on a proposal to divide Hindustan Zinc into two verticals, instead of three proposed earlier.