Hindustan Zinc Limited
Incorporated in 1966, Hindustan Zinc in Zinc-Lead and Silver business is world’s 2nd largest integrated Zinc producer and now the 3rd largest Silver producer. The company has a market share of ~75% of the growing Zinc market in India with its headquarters at Zinc City, Udaipur along with Zinc-Lead mines and smelting complexes spread across the state of Rajasthan.
What Hindustan files
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Vedanta Limited has entered a new financial commitment, providing a corporate guarantee for an INR 1,624 Cr loan taken by its subsidiary, Ferro Alloys Corporation (FACOR). As a condition for this loan, Vedanta must maintain at least a 50.1% stake in Hindustan Zinc (HZL) directly or indirectly until the facility...
Vedanta Limited has completed the full release of encumbrances on Hindustan Zinc (HZL) shares. This includes the major condition that restricted 50.1% of HZL's equity shares under a debenture trust deed. Separately, a specific pledge over 4.28 crore (1.01%) HZL shares has also been fully released. These actions come after...
Vedanta has released encumbrances on shares of its subsidiary Hindustan Zinc (HZL). This means conditions tied to its 50.1% holding in HZL, previously created for Debentures, are now gone as those Debentures are fully repaid. Specifically, a pledge on 4.28 Cr HZL shares (1.01% of total) created in May 2024...
Vedanta Ltd (VEDL), the promoter of Hindustan Zinc Ltd (HZL), recently secured ₹ 2,575 Cr through new debentures. A key condition for this financing is a 'non-disposal undertaking' on 50.1% of VEDL's HZL shares. This means VEDL has committed to maintain its 50.1% direct ownership and control in HZL and...