Promoter encumbrance disclosure for VISL shares linked to USD 1.75 bn bonds
VISL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vedanta Resources filed SAST Reg 31 disclosure on 15 July 2026 for VISL promoter group entities (Twin Star Holdings, Welter Trading, Vedanta Holdings Mauritius II, VHM, Vedanta Netherlands). Encumbrance reported on 2,20,47,24,753 shares equal to 56.38% of total share capital and 99.99% of promoter holding, in favour of GLAS Agency (Hong Kong) as security trustee. This relates to USD 1.75 bn bonds issued by Vedanta Resources Finance II PLC (USD 500m 7% due 2032, USD 700m 7.375% due 2034, USD 550m 7.75% due 2037), rated Ba3, BB, BB-. Proceeds will repay existing bonds and service debt. No new pledge created; filing reports encumbrance conditions under new bond covenants.
Almost entire promoter stake in VISL remains encumbered. Highlights parent-level leverage, but no new dilution or share sale. Watch bond covenants and promoter debt.