The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBICAP Trustee Company Ltd
HINDZINC · price
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Awaiting price reaction for this filing.
SBICAP Trustee Company Ltd, acting as Security Trustee for lenders, disclosed under SEBI Regulation 29(2) a release of 5,15,64,665 encumbered equity shares (1.22%) of Hindustan Zinc Ltd on 11 July 2025. These shares were previously pledged by Vedanta Limited (the promoter) in favour of STCL to secure a loan facility availed by Vedanta. After the release, STCL continues to hold 22,71,58,820 shares (53.76%) under encumbrance, split between 15,46,94,001 pledged shares (3.66%) and 2,11,68,84,819 shares under a Non-Disposal Undertaking (50.10%). STCL has clarified it is not the promoter and only holds security on behalf of lenders. HZL's total equity share capital remains unchanged at 42,25,31,900 shares.
A partial release of encumbered shares by promoter Vedanta is mildly positive, reducing the pledged portion by 1.22%. However, with 53.76% of HZL's shares still encumbered (mostly under NDU), the stock remains exposed to any future lender action on Vedanta's debt.