The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 16, 2026 for Vedanta Ltd
HINDZINC · price
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Vedanta Limited, the promoter of Hindustan Zinc Ltd (HZL), has disclosed creation of a new encumbrance on its HZL shares under SEBI Takeover Regulations. The encumbrance arises from a ₹2,575 Crore unsecured, listed, rated, redeemable non-convertible debenture issuance done on March 12, 2026, with Axis Trustee Services Limited as the debenture trustee. As per the Debenture Trust Deed, Vedanta must remain the direct legal and beneficial owner of at least 50.1% of HZL's share capital until the debentures are fully redeemed, which acts as a non-disposal undertaking covering 2,116,884,819 HZL shares (50.10% of total share capital). Vedanta holds 60.71% (2,565,271,353 shares) in HZL, of which 91.96% (2,359,003,222 shares, or 55.83% of HZL's total share capital) is now encumbered across multiple facilities.
This disclosure highlights very high encumbrance levels on Vedanta's HZL holdings, reflecting significant leverage and raising a watch-point for investors on Vedanta's debt situation and its capacity to retain control of HZL. For HZL shareholders, ownership and control remain unchanged for now, but any pledge invocation or non-compliance with the 50.1% threshold could materially affect the parent-subsidiary dynamic.