Please refer enclosed file.
Awaiting price reaction for this filing.
Vedanta Limited disclosed that its promoter group entity, Vedanta Resources Limited, entered into a Facility Agreement on June 24, 2025, for up to USD 600 million (USD 380 million committed, with an option to increase by USD 220 million). The lenders include First Abu Dhabi Bank, Mashreqbank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation. The purpose is to repay existing debt of the Vedanta Resources group, including refinancing the VHMLII Facility Agreement. Vedanta Limited itself is not a party to the agreement, but its promoter group guarantors — Twin Star Holdings (40.02% stake) and Welter Trading (0.98% stake) — have pledged shares of Vedanta Limited as security. The agreement imposes several restrictions on Vedanta Limited, such as limits on creating new security over assets, selling or transferring non-ordinary-course assets, acquiring non-core businesses, mergers, and restricting dividends or loans to the promoter group, unless lender consent is obtained.
Although Vedanta Limited is not a borrower, a sizeable portion of promoter-held shares (around 41% combined) has been encumbered as collateral. The deal adds restrictive covenants on Vedanta's corporate actions and could raise governance concerns among minority shareholders, but Vedanta states there is no direct impact on management or control and no liability on the listed entity.