Encumbrance disclosed on 56.38% of VAML shares tied to USD 1.75 bn Vedanta bonds
VAML · price
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GLAS Agency Hong Kong filed a SEBI Reg 29(1) disclosure on contractual encumbrance over 2,20,47,24,753 VAML shares (56.38%), linked to USD 1.75 bn Guaranteed Senior Bonds issued by Vedanta Resources Finance II Plc on 25 June 2026. Bond covenants restrict share transfers and require Vedanta Resources group to retain at least 50.1% in VAML. No physical pledge created yet; filing is precautionary regulatory compliance.
Bondholder covenants now sit over 56.38% of promoter-held shares. Default could trigger forced sale, but no equity dilution today.