Vedanta Limited has announced that its promoter group entities, including Vedanta Resources Limited and Twin Star Holdings, have entered into a facility agreement. The agreement, dated December 30, 2025, involves borrowing up to USD 80 million. The funds will be used for repaying existing intercompany loans and covering related expenses. Vedanta Limited is not a direct party to this agreement, but certain restrictions apply to it as a member of the promoter group.
Promoter Group Secures Facility Agreement
The promoter group of Vedanta Limited, which includes Vedanta Resources Limited, Twin Star Holdings Limited, Vedanta Holdings Mauritius II Limited and Welter Trading Limited, has entered into a new facility agreement. The agreement aims to provide financial flexibility to the promoter entities.
Key Terms of the Agreement
A facility agreement dated December 30, 2025, has been established wherein Twin Star Holdings Limited will borrow up to USD 80 million for the purpose of repaying existing debt and covering associated expenses.
The funds from this agreement will be used for:
- Repayment of, and payment of interest and other amounts accrued on the Intercompany loan availed by Twin Star Holding Limited from VRL Group companies.
- Payment of any interest, fees, costs and expenses incurred in connection with the transactions contemplated under the Finance Documents.
Restrictions on Vedanta Limited
Vedanta Limited is not a direct party to the facility agreement. However, certain restrictions are imposed on Vedanta Limited as a member of the promoter group. These include ensuring no proceeds from the facility are routed to India and restrictions on amending constitutional documents in ways that could adversely affect the lenders.
Parties Involved
The agreement involves several key parties:
- Borrower: Vedanta Resources Limited
- Guarantors: Twin Star Holdings Limited and Vedanta Holdings Mauritius II Limited
These entities are related parties of Vedanta Limited and members of the promoter group. Welter Trading Limited is also named.
Source: BSE
