# Vedanta Limited has created an encumbrance on its shareholding in subsidiary Hindustan Zinc Limited.

*business · news · 2026-04-17 · scanx.trade*

## Key points

- Vedanta created a US $125 million encumbrance on its Hindustan Zinc shareholding for external borrowing.
- Vedanta must maintain at least 50.10% direct beneficial ownership and control of Hindustan Zinc until loan repayment.
- Over 91% of Vedanta's Hindustan Zinc shares are encumbered across eleven different financing facilities.
- HSBC maintains a Buy rating on Hindustan Zinc, citing Middle East supply disruptions and sets target at ₹720.
- HSBC upgraded its LME aluminium price forecasts, expecting an average of ~$3,300 per tonne through 2030.

**Companies:** JPMorgan Chase Bank N.A., Vedanta Limited, Hindustan Zinc Limited
**Countries:** India, United States

[Read the full story on scanx.trade](https://scanx.trade/stock-market-news/companies/vedanta-limited-creates-share-encumbrance-in-hindustan-zinc-for-us-125-million-external-commercial-borrowing/37948076)

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