The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 16, 2026 for Vedanta Ltd
HINDZINC · price
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Vedanta Limited, the parent company holding 60.71% (2.57 billion shares) of Hindustan Zinc, has disclosed creation of a new encumbrance under a facility agreement. Vedanta availed an external commercial borrowing of US$125 million (approximately Rs 1,062 crore at current rates) from JPMorgan Chase Bank through GIFT City branch. As a condition of this loan, Vedanta must maintain at least 50.1% beneficial ownership and control of Hindustan Zinc, and cannot dispose of or create security over 50.1% of HZL shares until the loan is fully repaid. This constitutes a non-disposal undertaking under SEBI Takeover Regulations. The total encumbered shares across all 11 encumbrances now represent 91.96% of Vedanta's promoter holding in HZL. Prior pledge releases were also noted on various dates in 2023-2025.
For Hindustan Zinc shareholders, this disclosure confirms Vedanta remains committed to retaining majority control. The 50.1% minimum holding covenant acts as a floor, reducing risk of dilution below control threshold. However, the high encumbrance ratio (91.96% of promoter holding) indicates significant debt-related restrictions on promoter shares.