Vedanta Resources Limited (VRL) has created an encumbrance on shares of Vedanta Limited (VEDL) held by its subsidiaries. This is related to a $350 million facility agreement dated January 30, 2026. The encumbrance involves a negative lien on VEDL shares held by Twin Star Holdings Ltd. (TSHL), Welter Trading Limited, Vedanta Holdings Mauritius Limited, Vedanta Holdings Mauritius II Limited, and Vedanta Netherlands Investments BV.
Details of Encumbrance
Vedanta Resources Limited (VRL) has announced the creation of an encumbrance on the equity shares of Vedanta Limited (VEDL) held by its direct and indirect subsidiaries. This encumbrance is connected to a facility agreement executed on January 30, 2026.
Facility Agreement Terms
The facility agreement involves a total commitment aggregating up to US$ 350,000,000. The parties involved include lenders, the borrower (VRL), and guarantors such as TSHL, VHMLII, and Welter. Madison Pacific Trust Limited acts as the agent for the benefit of the lenders.
Nature of Encumbrance
The encumbrance includes a negative lien on the shares of VEDL held or to be held by the obligors, including TSHL, VHMLII, and Welter. Furthermore, these obligors are restricted from creating any additional encumbrances on the shares they directly or indirectly hold in VEDL. The VRL Group is required to maintain control over VEDL, owning at least 50.1% of its issued equity share capital.
Shareholding Details
The encumbrance affects shares held by the following entities:
Twin Star Holdings Ltd.: 1,564,805,858 shares (40.02%)
Welter Trading Limited: 38,241,056 shares (0.98%)
Vedanta Holdings Mauritius Limited: 107,342,705 shares (2.75%)
Vedanta Holdings Mauritius II Limited: 492,820,420 shares (12.60%)
Vedanta Netherlands Investments B.V.: 1,514,714 shares (0.04%)
Source: BSE
