Union Bank of India has announced the release of encumbrance on equity shares of Vedanta Limited. This action follows the full payment of all outstanding dues related to a facility agreement involving Twin Star Holdings Limited, Vedanta Resources Limited, and Welter Trading Limited. The encumbrance, created under the Takeover Regulations, has been fully released as of October 8, 2025.
Encumbrance Release on Vedanta Shares
Union Bank of India has officially announced the release of encumbrance on the equity shares of Vedanta Limited (VEDL). The announcement, dated October 8, 2025, confirms that all conditions regarding the encumbrance have been met, leading to its release.
Details of the Facility Agreement
The encumbrance release is associated with a facility agreement involving several key parties:
- Twin Star Holdings Limited (borrower)
- Vedanta Resources Limited (VRL)
- Welter Trading Limited (WTL)
These entities had entered into a facility agreement with Union Bank of India, DIFC Branch, Dubai, where Union Bank acted as the original lender, arranger, and agent. The total amount of the facility was USD 150,000,000.
Impact on Vedanta Limited
The encumbrance had been placed on the equity shares of Vedanta Limited (VEDL), held by subsidiaries of VRL. These subsidiaries included Twin Star, WTL, Vedanta Holdings Mauritius Limited (VHML), Vedanta Holdings Mauritius II Limited (VHMLII), and Vedanta Netherlands Investments B.V. (VNIBV). Now that all outstanding dues have been settled, the encumbrance has been fully released.
Shareholding Details
Prior to the release, the number of shares under encumbrance was 2,204,724,753, representing 56.38% of the total share/voting capital of Vedanta Limited. Following the release, the number of shares encumbered is now Nil.
Source: BSE
