
Loan & Debt3 Jul 2026, 10:39 am
Vedanta Limited Encumbers Hindustan Zinc Shares for FACOR Loan
AI Summary
Vedanta Limited has disclosed encumbrance on its shares in Hindustan Zinc Limited (HZL) as part of a corporate guarantee for a ₹1624 crore loan availed by its subsidiary, Ferro Alloys Corporation Limited (FACOR). The loan facility is provided by a consortium of banks led by IDBI Bank. As per the facility agreement, Vedanta must maintain a minimum 50.1% shareholding in HZL until the loan is fully settled. This condition constitutes an 'encumbrance' under SEBI regulations. This disclosure is made in accordance with SEBI (SAST) Regulations, 2011.
Key Highlights
- Vedanta Limited provides corporate guarantee for FACOR's ₹1624 crore loan.
- Encumbrance created on Hindustan Zinc Limited (HZL) shares.
- Vedanta must maintain minimum 50.1% shareholding in HZL.
- Disclosure made under SEBI (SAST) Regulations, 2011.
- Loan facility from a consortium of banks led by IDBI Bank.
Price Impact
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