Hindustan Zinc has approved the issuance of unsecured, redeemable, rated, listed, non-convertible debentures (NCDs) aggregating up to ₹1,400 Crore. The NCDs will be issued in two parts: ₹420 Crore (STRPP 1) and ₹980 Crore (STRPP 2). This decision was made during a Committee of Directors meeting held on January 23, 2026. The funds raised will likely be used for general corporate purposes.
Debt Issuance Approval
Hindustan Zinc’s Committee of Directors has approved the issuance of unsecured, redeemable, rated, listed, non-convertible debentures (“NCDs”) aggregating up to ₹1,400 Crore. The approval was granted during a meeting held on January 23, 2026.
Details of the NCDs
The ₹1,400 Crore will be divided into two tranches:
- STRPP 1: ₹420 Crore
- STRPP 2: ₹980 Crore
The NCDs will be issued on a private placement basis. The company plans to issue up to 140,000 non-convertible debentures, comprising of up to 42,000 debentures as STRPP 1 and up to 98,000 debentures as STRPP 2.
Source: BSE
