Vedanta Ltd has submitted to the Exchange a copy of Disclosure under Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
HINDZINC · price
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Vedanta Ltd has submitted a Regulation 31 disclosure in connection with a $125 million facility agreement dated April 14, 2026, involving JPMorgan Chase Bank N.A. (GIFT City Branch) as lender and Axis Trustee Services Limited as Agent. Under the terms, Vedanta is required to directly hold beneficially at least 50.1% of Hindustan Zinc Limited's (HZL) issued share capital and directly control HZL. Vedanta is also restricted from creating any security over or disposing 50.1% of HZL's share capital until full settlement of the facility. The disclosure states these conditions trigger obligations under SEBI's Takeover Regulations.
This indicates Vedanta has pledged/secured its controlling stake in HZL as part of a financing arrangement. The 50.1% minimum holding requirement effectively locks in Vedanta's control of HZL, preventing any dilution below majority ownership without lender consent.