Shareholding2 Sept 2026, 05:43 pm
Hindustan Zinc: SBICAP Trustee Releases Non-Disposal Undertaking on 24.10% Shares
AI Summary
SBICAP Trustee Company Ltd has disclosed the release of a Non-Disposal Undertaking (NDU) on 1,01,83,01,879 equity shares of Hindustan Zinc Limited, representing 24.10% of the total share capital. This NDU was initially created in favour of SBICAP Trustee Company Ltd by Vedanta Limited, acting as Security Trustee for lenders. Following the release, SBICAP Trustee's holding in Hindustan Zinc, primarily in the form of encumbrance, has reduced. The total diluted share capital of Hindustan Zinc is approximately 42,25,31,900 equity shares.
Key Highlights
- SBICAP Trustee released NDU on 24.10% of Hindustan Zinc shares.
- Vedanta Limited had provided the NDU as security for lenders.
- Encumbrance on shares reduced following the release.
- The release impacts the security held by the trustee.
- Total diluted share capital stands at approximately 42.25 crore shares.
Price Impact
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