India is considering selling up to a 2% stake in Hindustan Zinc Ltd., a move that could raise as much as 50 billion rupees ($525 million). The potential share sale comes from government holdings in the mining company. According to people familiar with the matter, discussions about this divestment are currently underway without a final decision made.

The proposed transaction represents a significant divestment by the Indian government in one of its major mining assets. Hindustan Zinc operates zinc, lead, and silver mining operations across India. The government's potential sale follows previous divestments in other state-owned companies as India continues efforts to monetize non-core assets.

Market observers will watch closely for any announcement regarding the $525 million potential transaction. A successful sale could signal further divestment plans from India's government portfolio. The timing and structure of any eventual deal will likely impact Hindustan Zinc's stock price and India's fiscal position in the coming quarters.