Vedanta Resources Limited (VRL) announces the release of encumbrance on equity shares of Vedanta Limited (VEDL) held by its subsidiaries. The encumbrance, created under the Facilities Agreement dated December 13, 2023, has been fully released effective February 3, 2026. This release follows the repayment of facilities under the Facility Agreement, as confirmed by the receipt of a registered erasure letter.
Encumbrance Release Details
Vedanta Resources Limited (“VRL”), the “Guarantor”, announced the release of encumbrance on equity shares of Vedanta Limited (“VEDL”) held by its direct and indirect subsidiaries. The promoter group entities involved are Twin Star Holdings Ltd., Welter Trading Limited (“WTL”), Vedanta Holdings Mauritius Limited (“VHML”), Vedanta Holdings Mauritius II Limited (“VHMLII”) and Vedanta Netherlands Investments B.V. (“VNIBV”).
Background and Timeline
The initial creation of encumbrance, related to the Facilities Agreement dated December 13, 2023, was disclosed on February 7, 2024. This agreement was amended and restated on January 25, 2024. Now, with the repayment of facilities, all encumbrances created under the Facilities Agreement have been fully released effective February 3, 2026, the date of receipt of the registered erasure letter.
Entities Involved in Encumbrance
Finsider International Company Limited (“FICL”) had created a charge over 100% shares of its wholly owned subsidiary, VHMLII, under Regulation 31 of the Takeover Regulations. The release now covers these shares as well.
Impact of the Release
The release of encumbrance signifies the fulfillment of obligations under the Facilities Agreement. All associated conditions and arrangements have been resolved, aligning with the definitions provided under Chapter V of the Takeover Regulations.
Source: BSE
