Vedanta Limited announced that the encumbrance on shares of Finsider International Company Limited’s subsidiary, VHMLII, has been fully released. This action follows the repayment of facilities under the Facilities Agreement. The release took effect on February 3, 2026, after evidence of erasure was received from Mauritius. This removes conditions that previously fell under Takeover Regulations.
Details of Encumbrance Release
Vedanta Limited confirmed the full release of encumbrance on shares of Finsider International Company Limited’s wholly-owned subsidiary, VHMLII. The encumbrance, previously disclosed on February 7, 2024, was created under a Facilities Agreement.
Effective Date and Regulatory Compliance
The release became effective on February 3, 2026, marked by the receipt of official evidence of erasure from the Registrar General and Conservator of Mortgages, Mauritius. This action indicates full repayment of facilities under the Facilities Agreement.
Background on the Facilities Agreement
The Facilities Agreement, dated December 13, 2023 and amended on January 25, 2024, involved lenders, Vedanta Resources Investments Limited (VRIL), and Vedanta Holdings Mauritius II Limited (VHMLII), with Madison Pacific Trust Limited acting as the Agent. The encumbrance release aligns with Chapter V of the Takeover Regulations.
Impact on Share Capital
Prior to the release, the number of shares under encumbrance was 2,204,724,753, representing 56.38% of the total share/voting capital. Following the release, the number of shares encumbered is now nil. The equity share listed capital remains at ₹3,910,388,057 (representing 3,910,388,057 equity shares of ₹ 1 each).
Source: BSE
