GLAS pledges 56.38 percent of Vedanta Power shares under USD 1B facility

GLAS Agency Hong Kong disclosed creation of encumbrance over 2,204,724,753 shares (56.38 percent) of Vedanta Power under a USD 1 billion Facility Agreement dated 15 July 2026, with Citigroup and Standard Chartered as arrangers. Shares are held by Vedanta Resources via subsidiaries. GLAS already had encumbrance on the same shares from an earlier bond issuance, so holdings before and after remain unchanged. Agreement requires VRL group to keep at least 50.1 percent ownership in VPL if it becomes a Material Subsidiary.