Corporate News
Vedanta Limited has disclosed a pledge of 50.1% of its subsidiary, Hindustan Zinc Limited’s shares, to secure Rs 2,000 crore in unsecured, listed, rated, redeemable, and non-convertible debentures. The pledge, required under a Debenture Trust Deed managed by Axis Trustee Services Limited, satisfies a condition that Vedanta maintain control of Hindustan Zinc. The borrowing is intended to refinance existing loan facilities. Several releases of pledged shares have occurred, including a significant 24.10% release on August 20, 2026, managed by SBICAP Trustee Company Limited. The disclosure is mandated by Securities and Exchange Board of India (SEBI) regulations and reflects Vedanta’s obligation to maintain its majority ownership in Hindustan Zinc.