Vedanta adds new encumbrance on HZL shares for FACOR loan
HINDZINC · price
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Vedanta Limited, promoter of Hindustan Zinc holding 60.71 percent, created a new encumbrance on June 30, 2026 on its HZL shares. The pledge relates to a corporate guarantee of Rs 1,624 crore given by Vedanta for a loan availed by its subsidiary Ferro Alloys Corporation Limited (FACOR). The facility requires Vedanta to maintain minimum 50.1 percent holding in HZL until full repayment. Post this, total encumbered promoter shares stand at 2,325,803,748 shares, equal to 55.04 percent of HZL share capital and 90.67 percent of promoter holding.
Total encumbered promoter shares rise to 55 percent of HZL capital. High pledge level signals growing financial stress at parent Vedanta level.