Earlier this year, the Indian government, which has the largest majority stake in the company, rejected the proposal by dividing the company into three parts. It believed that such kind of move would not boost shareholder value.

India's Hindustan Zinc is discussing the possibility of splitting the company into two units with the Indian government, which is opposed to the proposal, CEO Arun Misra said on Friday. Misra's comments follow the Indian government's rejection of a similar proposal in March,

Vedanta Group firm Hindustan Zinc Limited (HZL) on Friday said it is in discussions with the Indian government about the possibility of splitting the company into two units. Its CEO Arun Misra, in an analyst call,