The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 18, 2026 for Vedanta Ltd
HINDZINC · price
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Vedanta Limited, the promoter of Hindustan Zinc Limited (HZL), has disclosed the full release of encumbrances on HZL shares following redemption of Non-Convertible Debentures. The debentures were raised by a wholly owned subsidiary of Vedanta through a debenture trust deed dated May 10, 2024, and were fully redeemed on May 14, 2026. As a result, encumbered shares reduced from 2,35,90,03,222 (55.83%) to 2,11,68,84,819 (50.10%) of HZL's share capital. Additionally, a separate pledge of 4,27,90,960 shares (1.01%) created in May 2024 is also being released, with the remaining 3,31,99,474 shares (0.78%) in the process of release. Vedanta continues to hold 60.71% stake in HZL directly and indirectly controls the company.
The release of encumbrances is a positive development as it reduces debt-related restrictions on Vedanta's controlling stake in HZL. Vedanta maintains majority control at 60.71% and the 50.1% threshold mandated by the debenture terms, suggesting no immediate risk to promoter control or HZL's listing status.