Vedanta releases encumbrance on Hindustan Zinc shares

Vedanta Limited (VEDL) announced the release of its encumbrance on equity shares of Hindustan Zinc Ltd. (HZL), effective March 7, 2025. This action follows the complete repayment of a facility agreement by one of Vedanta's subsidiaries, where Vedanta served as a guarantor and security provider. As per the agreement's terms, Vedanta was required to maintain at least 50.1% control of HZL. This encumbrance, now lifted, previously required disclosures under the Securities and Exchange Board of India (SEBI) Takeover Regulations. The initial encumbrance disclosures were made on May 24, 2023, and subsequently updated on August 1 and August 11, 2023, following the appointment of Citicorp International Limited as successor agent. With the facility fully settled, the encumbrance undertakings are no longer in effect, and Vedanta has released the associated shares.