New Delhi: The Supreme Court (SC) on Thursday enabled the center to release the remaining 29.5% share ownership in Hindustan Zinc (HZL) “The government can now delolve the remaining 29.5% of share ownership in HZL because it is no longer controlling the PSU intent, “The Supreme Court said.
The APEX court also ordered a full CBI probe into the 2002 diving of Hindustan Zinc (HZL) which was suspected at very low prices.
After the divestment, the Vedanta Sterlite group company took control of the company’s management.
It is said that disinvestment can be done carefully after rules, regulations, and procedures relating to the government shares disinvest.
Booking SC will ask a question about the agreement with Sterlite, the investigation that stopped when Arun Shourie was the Minister of Rescue during the Government of Bihari Vajpayee at the close of the Investigation Investigation by the CBI, the Supreme Court asked the CBI to advance, register a regular case and investigate the 2002 decision 2002 to buy ownership majority shares in HZL.
The Supreme Court has requested a central probing agent to submit a regular status report before that.