GLAS Agency (Hong Kong) Limited, acting as agent under a Facility Agreement, has disclosed the creation of an encumbrance over Vedanta Limited (“VEDL”) equity shares. This disclosure, made on 22 July 2026, pertains to shares held by Vedanta Resources Limited (“VRL”) and its subsidiaries. The total commitment under the facility agreement is US$ 2,250,000,000. The encumbrance is in relation to guaranteed senior bonds and a facility availed by TSHL.
Disclosure of Encumbrance on Vedanta Shares
GLAS Agency (Hong Kong) Limited (“GLAS”), in its capacity as the agent under a Facility Agreement dated 20 July 2026, has submitted a disclosure concerning the creation of an encumbrance over the equity shares of Vedanta Limited (“VEDL”). This disclosure is made in accordance with Regulation 29(1) read with Regulation 29(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Facility Agreement Details
The Facility Agreement involves a total maximum commitment aggregating US$ 2,250,000,000. The encumbrance relates to shares of VEDL held by Vedanta Resources Limited (“VRL”) and its direct and indirect subsidiaries, including Twin Star Holdings Ltd. (“TSHL”), Welter Trading Limited (“Welter”), Vedanta Holdings Mauritius Limited (“VHML”), Vedanta Holdings Mauritius II Limited (“VHMLII”), and Vedanta Netherlands Investments B.V (“VNIBV”). The original lenders’ commitment on the date of disclosure is US$ 1,545,000,000, with an increase commitment of up to US$ 705,000,000 available.
Encumbrance Details and Obligations
The disclosure highlights that no Obligor, including TSHL, VRL, VHMLII, and Welter, shall create or permit any security or quasi-security over VEDL shares. Furthermore, no member of the VRL group shall create such security over shares owned in an Obligor that holds VEDL shares. The VRL group is also required to retain control over VEDL, owning at least 50.1% of its issued equity share capital.
Previous Encumbrances
GLAS notes that there is an existing encumbrance over VEDL shares from the issuance of guaranteed senior bonds by Vedanta Resources Finance II PLC and a facility availed by TSHL. Earlier disclosures dated 15 July 2026 and 17 July 2026 provide further details on these existing encumbrances. The current disclosure pertains to the same shares, hence the ‘before’ and ‘after’ holding details remain consistent.
Acquisition/Disposal Details
Before the consideration, VEDL had 2,139,794,759 shares in the nature of encumbrance, representing 54.72% of the total share capital. The mode of acquisition/sale is described as the ‘Creation of encumbrance’, with the date of acquisition/sale being 20 July 2026.
The total equity share capital of VEDL before and after the said acquisition/sale is stated as 3,910,388,057 equity shares of ₹1 each. After the acquisition/sale, the shares encumbered with the acquirer remain 2,139,794,759, also representing 54.72%.
Source: BSE
