Epic Update : Hindustan Zinc

**Admin** Tue Sep 11, 2012 2:37 pm

Company proposes new valuation for Hindustan Zinc (HZL) and BALCO
-Company proposes fair market valuation by two methods
-Fair market value by independent valuer using discounted cash flow and fair market value
-Company commits to accept higher of two valuations
-Company offers to drop pending litigation on HZL and BALCO
-Company suggests valuation be part of cabinet committee on economic affairs (CCEA) decision
-Company commits to buy government’s stake within 30 days of CCEA nod
-Company proposal sent to mines ministry late last month

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