Vedanta Resources Limited (VRL) has disclosed the creation of encumbrances on equity shares of Vedanta Limited (VEDL) held by its subsidiaries. This action is related to a facility agreement dated December 30, 2025, to secure facilities aggregating up to US$ 80,000,000. The encumbrances include negative liens and restrictions on creating further encumbrances, ensuring the VRL Group retains control over VEDL with at least 50.1% ownership.
Details of Share Encumbrance
Vedanta Resources Limited (VRL) has announced the creation of encumbrances on equity shares of Vedanta Limited (VEDL) held by its direct and indirect subsidiaries. This move is connected to a facility agreement executed on December 30, 2025.
Facility Agreement Terms
The facility agreement secures facilities aggregating up to US$ 80,000,000. Key terms include:
- A negative lien on VEDL shares held by subsidiaries, including Twin Star Holdings Ltd. (TSHL), Welter Trading Limited, and Vedanta Holdings Mauritius II Limited (VHMLII).
- Restrictions preventing these subsidiaries from creating additional encumbrances on VEDL shares.
- Requirement for the VRL Group to maintain control over VEDL with at least 50.1% ownership.
No Pledge Created
Vedanta clarifies that no pledge has been created over the equity shares of VEDL concerning these facilities as of the disclosure date.
Existing Encumbrances
It is noted that encumbrances already existed on shares due to conditions from previous facility agreements. The post-event holding details are the same as the promoter holdings already encumbered.
Source: BSE
