Vedanta Ltd. pledged about 10.32 crore shares, or 2.44% stake, of its unit Hindustan Zinc Ltd. for a term loan.
The pledge was created through the depository system on April 17 for the loan amount of Rs 1,500 crore, or $182.55 million, according to a company exchange filing.
The loan is for general business purposes, including repayment of existing debt, capital expenditures and operating expenses, the company said.
Show more
Shares of Vedanta fell 0.69% to close at Rs 279.6 apiece compared to a flat Nifty 50.
ADVERTISEMENT
Of the 16 analysts tracking the stock, 10 maintain a 'buy', three suggest a 'hold' and three analysts recommend a 'sell', according to Bloomberg. The average 12-month consensus price target implied an upside of 27.8%.
WRITTEN BY
ADVERTISEMENT
RECOMMENDED FOR YOU
Vedanta Share Price Falls After Paring Stake In Hindustan Zinc, Dividend Announcement
Jun 19, 2025
Hindustan Zinc Share Price Slumps After Vedanta Block Deal
Jun 18, 2025
Vedanta Share Price In Focus Today: Dividend Decision And Hindustan Zinc Block Trade
Jun 18, 2025
Hindustan Zinc Block Deal: Vedanta Offers 1.6% Equity For Rs 3,018 Crore
Jun 17, 2025
POPULAR
1
Sushil Kedia Issues Clarification On Marathi Language Row As MNS Workers Vandalise Office
2
Raj From DDLJ Is No Indian Woman's Dream In 2025 — Here's What They Want In Their Partner
3
Pakistan, US Conclude Critical Round Of Trade Negotiations
4
PM Modi Arrives In Argentina On Two-Day Visit
5