Announced Fri, 3 Jul · 10:38 IST
HZL: 50.1% shares encumbered as collateral for FACOR loan
HINDZINC · price
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Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹529.00
prior close
₹539.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.1+0.0+0.3+2.0+0.2+0.6-0.2+1.4-0.2+0.9———
Up moveDown movePending
AI summary
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.
Likely market impact
About 50% of HZL shares encumbered for Vedanta group loan. Monitor for covenant breaches or any risk of forced stake sale.