Vedanta pledges more Hindustan Zinc stake for loan
Hindustan Zinc intends to use the loan for capital expenditure, debt repayment, and operational expenses, according to a regulatory filing
MUMBAI : Billionaire businessman Anil Agarwal-owned Vedanta Ltd, the promoter of Hindustan Zinc Ltd, has pledged 2.44% more shares of the latter as collateral to avail a term loan of ₹1,500 crore. With this, the portion of HZL stake pledged by Vedanta has risen to 91.35% or about 59.3% of the company’s overall shares.
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