The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Axis Trustee Services Ltd
VEDL · price
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Axis Trustee Services Ltd, acting on behalf of Madison Pacific Trust (agent for lenders), has disclosed the full release of encumbrances on Vedanta shares with effect from October 17, 2025. The encumbrances were created under a Facilities Agreement dated December 13, 2023, and covered approximately 2,204,724,753 equity shares, representing 56.38% of Vedanta's total share capital. The release follows the full repayment of the underlying facility by the borrowers (Vedanta Resources Investments Ltd and Vedanta Holdings Mauritius II Ltd). The encumbrances had included a non-disposal undertaking on shares held by VHMLII, negative liens on promoter group shares, and a charge on 100% of VHMLII shares held by Finsider International Company Ltd.
This is a positive development for shareholders, as the removal of the encumbrance on over 56% of shares eliminates a major overhang risk and reduces the chance of forced selling. It signals improved financial health for the Vedanta group and greater flexibility for the promoter entities regarding their Vedanta stake.