Hindustan Zinc failed to acquire the zinc international assets of Vedanta for $3bn.

Hindustan Zinc, an Indian integrated mining and resources producer, failed to acquire the zinc international assets of Vedanta, an Indian multinational mining company, for $3bn. Subject to receipt of timely regulatory approvals, the transaction is expected to be completed in a phased manner over a period of around 18 months, the company noted, adding that the agreements will be executed subsequent to shareholders’ approval.