Hindustan Zinc Limited (HZL) announced that Vedanta Resources Limited, along with Twin Star Holdings Limited, Vedanta Holdings Mauritius II Limited, and Welter Trading Limited, has secured a facility agreement. The agreement, dated December 30, 2025, pertains to an intercompany loan within the Vedanta group. While HZL is not a direct party to the agreement, it discloses terms related to restrictions and obligations under the agreement, which has an amount of up to USD 80 million.
Details of Facility Agreement
Hindustan Zinc Limited (HZL) has disclosed details regarding a facility agreement secured by its related parties within the Vedanta Resources Limited group. The agreement, dated December 30, 2025, is intended for intercompany loan management and does not directly involve HZL as a party.
Parties Involved
The facility agreement involves Vedanta Resources Limited as the borrower and Twin Star Holdings Limited, Vedanta Holdings Mauritius II Limited, and Welter Trading Limited as guarantors. The agreement has an amount of up to USD 80 million. The lenders are the Bank of Maharashtra IFSC Banking Unit and Bank of Maharashtra GIFT City Branch.
Purpose of the Agreement
The purpose of the facility agreement includes the following:
- Part repayment of, and payment of interest and other amounts accrued on the Intercompany loan availed by Twinstar Holding Limited from VRL Group.
- Payment of any interest, fees, costs, and expenses incurred in connection with the transactions contemplated under the Finance Documents.
- Ensure that no proceeds under the Facility will be routed to India.
Restrictions and Obligations
Although HZL is not a direct party, the agreement includes restrictions to ensure HZL does not undertake certain actions without lender consent. These include amendments to constitutional documents that affect lender rights or have a material adverse effect under the Facility Agreement.
Source: BSE
