Thursday, April 20, 2023

Vedanta encumbers stake in HZL to raise Rs 1,500 cr in loans

Anil Agarwal-led resources conglomerate Vedanta has encumbered a part of its stake in Hindustan Zinc (HZL) to raise Rs 1,500 crore in loans against those shares at more than 50% margin to their market value, Vedanta told the exchanges in a mandatory filing Thursday.

source https://economictimes.indiatimes.com/industry/banking/finance/vedanta-encumbers-stake-in-hzl-to-raise-rs-1500-cr-in-loans/articleshow/99649086.cms

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