Announced Thu, 16 Jul · 09:17 IST
Encumbrance disclosed on 56.38% of VAML shares tied to USD 1.75 bn Vedanta bonds
VAML · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹450.00
prior close
₹456.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.4-0.4-0.3-1.9-2.9-1.9-4.0-3.1-2.7————
Up moveDown movePending
AI summary
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.
Likely market impact
Bondholder covenants now sit over 56.38% of promoter-held shares. Default could trigger forced sale, but no equity dilution today.