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.

from Banking/Finance-Industry-Economic Times https://ift.tt/83oWsQ1