Vedanta Ltd Discloses Encumbrance on HZL Shares

Vedanta Limited has filed a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding an encumbrance on its shares in Hindustan Zinc Limited (HZL). This encumbrance arises from a corporate guarantee provided by Vedanta for a financial assistance of ₹1624 crore availed by its subsidiary, Ferro Alloys Corporation Limited (FACOR). As per the facility agreement, Vedanta must maintain a minimum shareholding of 50.1% in HZL until the loan is fully settled. This condition is considered an "encumbrance" under the Takeover Regulations. The disclosure also notes existing encumbrances on HZL shares from previous facilities.