The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Canara Bank acting through its London Branch
VEDL · price
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Awaiting price reaction for this filing.
Canara Bank London Branch filed a disclosure under SEBI Takeover Regulations regarding the release of encumbrance on 2,204,724,753 equity shares of Vedanta Limited (56.38% of total share capital) held by promoter group entities — Twin Star Holdings, Welter Trading, Vedanta Holdings Mauritius I & II, and Vedanta Netherlands Investments B.V. The encumbrance was tied to a USD 100 million facility agreement dated September 29, 2022, between Vedanta Resources Limited (as borrower) and Canara Bank London Branch (as lender). The facility was fully repaid on August 29, 2025, leading to release of all encumbrances. Post-release, encumbered shareholding stands at zero. The filing clarifies that no direct pledge over VEDL shares was created by promoter group entities under this facility.
Positive for shareholders — removal of a large 56.38% encumbrance overhang on promoter group shares eliminates the risk of any forced sale or margin-driven selling pressure on Vedanta's stock, improving promoter shareholding stability.