Vedanta Encumbers Rs 3,300 Cr Worth Shares In HZL To Raise Rs 1,500 Cr In Loans
In order to raise Rs 1,500 crore in loans against those shares at more than 50 per cent margin to their market value, billionaire Anil Agarwal-led Vedanta Resources has encumbered a part of its stake in Hindustan Zinc (HZL), the company told the exchanges in a mandatory filing Thursday. -- aaa
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Source: india.com