Hindustan Zinc Share Pries Fundraise Move
Vedanta Ltd, Subsidiya Hindustan Zinc Share Pris Gained as Vedanta Intimated The National Stock Exchange of India and the BSE or the Bombay Stock Exchange About the update on Fundraise. Vedanta Ltd Intimation was in Connection with certain undertakings provided by the company in Relation to the right shares of Hindustan Zinc Limited, A Subsidian of the company.
As per the release vedanta ltd said that it has approved issuance of unsecured, listed, rated, non-convertible, redeemable debentures. These debents of up to 5,000 Crore will be having a face value of 1,00,000. Vedant ltd also said that in with regards to the debenture issue Company and Axis Trustee Services Limited, As the Debenture Trustee.
Vedanta Ltd Clarified that Until Full and Final Redemption of the Debentures, The Company is Required to Directly Remain the Legal and Beneficial Owner of 50.1% of the share of the share Capital of Capital of Hindustan Zinc Ltd (on a fully diluteed Basis), and directly control Hindustan zinc ltd or hzl. The company is also also restricted from create any security over or disposing 50.1% of the entertainment is issued share capital or voting rights in Hindustan zinc ltd or hzl.
Hindustan Zinc Share Price movement
Hindustan Zinc Share Price Opened at 501.95 on the bse on Friday and at the time of opening the hindustan zinc share price was up 2% compared to the previous days closing price of Rs. 492.10. The vedanta subsidiya Hindustan zinc share price thereafter gained further to intraday highs of 510.75 and this meant Intraday Gains of Around 3.8% for Hindustan Zinc Share Price.
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