The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Union Bank of India
VEDL · price
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Awaiting price reaction for this filing.
Union Bank of India (DIFC Branch) has filed a disclosure under SEBI Takeover Regulations stating that all encumbrances over 2,204,724,753 equity shares of Vedanta Limited (56.38% of total share capital) have been released. The encumbrance was originally created in connection with a USD 150 million facility agreement where Twin Star Holdings was the borrower and Vedanta Resources Limited and Welter Trading Limited acted as guarantors. All outstanding dues under the facility have been fully repaid, effective October 6, 2025. The filing clarifies that no pledge was created directly by any promoter group entity, but the encumbrance fell under the Takeover Regulations' definition. Post-release, Union Bank of India holds no shares or encumbrances in Vedanta.
This is positive for Vedanta shareholders as the release of encumbrance over 56.38% of shares removes a significant overhang risk. Promoter group entities (Twin Star, Welter Trading, VHML, VHMLII, VNIBV) now have unencumbered control over these shares, reducing forced-sale risk and signaling improved financial health of the Vedanta group after debt repayment.