HZL: 50.1% shares encumbered as collateral for FACOR loan
HINDZINC · price
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IDBI Trusteeship Services, acting as security trustee, has created encumbrance on 2,116,884,819 HZL shares (50.10% of equity) as collateral for a Rs 1,624 crore loan to Ferro Alloys Corporation (FACOR), a Vedanta subsidiary. Vedanta provided corporate guarantee and must maintain at least 50.1% stake in HZL under facility terms. Encumbrance created June 30, 2026.
About 50% of HZL shares encumbered for Vedanta group loan. Monitor for covenant breaches or any risk of forced stake sale.