Vedanta Ltd Discloses Shareholding Encumbrance in HZL

Vedanta Limited has filed a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding an encumbrance on its shareholding in Hindustan Zinc Limited (HZL). This encumbrance arises from the issuance of unsecured, listed, rated, redeemable, non-convertible debentures worth ₹2,000 Crore. As per the Debenture Trust Deed, Vedanta is required to maintain direct legal and beneficial ownership of 50.1% of HZL's share capital and control over the subsidiary until the debentures are fully redeemed. The company is restricted from creating any security over or disposing of this 50.1% stake. This disclosure is made to comply with SEBI regulations concerning such encumbrances.