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Hindustan Zinc LimitedImportant, 26-06-2025: Agreements

26-06-2025 | 05:59 pm

Vedanta Resources Limited and related promoter group entities Twin Star Holdings and Welter Trading entered a USD 600 million facility agreement with international banks including First Abu Dhabi Bank and Standard Chartered. Vedanta is the borrower, Twin Star the guarantor, and lenders provide funds primarily for refinancing existing debt and related costs. Hindustan Zinc Limited (HZL), a Vedanta group company, is not a party to this agreement and faces no direct liability or management impact. However, certain operational restrictions on HZL (like asset sales and mergers) apply, requiring lender consent under the facility terms.

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