Hindustan Zinc: IDBI Trusteeship Discloses 50.1% Encumbrance

IDBI Trusteeship Services Ltd, acting as Security Trustee for a consortium of banks, has disclosed the creation of an encumbrance over 50.1% of Hindustan Zinc Limited's (HZL) shares. This encumbrance is related to a ₹1624 crore facility availed by Ferro Alloys Corporation Limited (FACOR), a subsidiary of Vedanta Limited. The facility agreement mandates Vedanta to maintain a minimum 50.1% shareholding in HZL until the loan is fully settled. The disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.