Madison Pacific Trust Limited disclosed details regarding encumbrances on shares of Vedanta Limited (VEDL) held by subsidiaries of Vedanta Resources Limited (VRL). The disclosure relates to a facility agreement dated January 30, 2026, aggregating up to US$ 350,000,000. The encumbrances include negative liens and restrictions on creating further encumbrances on VEDL shares. The disclosure is made under Takeover Regulations.
Details of Share Encumbrances
Madison Pacific Trust Limited, acting as the agent for lenders, made a disclosure regarding the creation of encumbrances over the equity shares of Vedanta Limited (VEDL). These shares are held by direct and indirect subsidiaries of Vedanta Resources Limited (VRL), including Twin Star Holdings Ltd., Welter Trading Limited, Vedanta Holdings Mauritius Limited, Vedanta Holdings Mauritius II Limited, and Vedanta Netherlands Investments BV.
Facility Agreement Terms
The disclosure pertains to a facility agreement dated January 30, 2026, with a total commitment aggregating up to US$ 350,000,000. This agreement involves various lenders, with Madison Pacific Trust Limited acting as the agent. Under the agreement:
- A negative lien is created on VEDL shares held by the mentioned subsidiaries.
- The subsidiaries are restricted from creating further encumbrances on VEDL shares.
- The VRL group must retain control over VEDL, maintaining at least 50.1% ownership of VEDL’s issued equity share capital.
Impact on Shareholding
Before this consideration, shares in the nature of encumbrance were 2,204,724,753 with 56.38% of the total share/voting capital. After the consideration, shares encumbered with the acquirer remained the same at 2,204,724,753, which represents 56.38%.
Source: BSE
