Bond-related encumbrance disclosure for 56.38% of Vedanta Iron and Steel shares
VISL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
GLAS Agency (Hong Kong), security trustee for US$ 1.75 billion bonds issued by Vedanta Resources Finance II Plc, disclosed encumbrance over 2,20,47,24,753 shares (56.38%) of Vedanta Iron and Steel held by promoter group entities. Bonds issued on 25 June 2026, maturing 2032, 2034 and 2037. No actual pledge created as on the date; disclosure made as bond terms may qualify as encumbrance under SEBI takeover rules. VRL group must retain at least 50.1% in VISL.
No actual pledge created, but 56.38% encumbrance reported; promoter group must maintain at least 50.1% in VISL under bond terms.