The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Standard Chartered Bank (Singapore) Ltd
VEDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Standard Chartered Bank (Singapore) Ltd has disclosed the release of encumbrance over 2,204,724,753 equity shares of Vedanta Ltd (representing 56.38% of total share capital) that were held by promoter group subsidiaries — Twin Star Holdings, Welter Trading, Vedanta Holdings Mauritius (I & II), and Vedanta Netherlands Investments B.V. The encumbrance was originally created in October 2024 as security for a USD 125 million loan facility given to Vedanta Resources Ltd (the parent). Vedanta Resources has now fully repaid the facility on August 1, 2025, leading to the release of all encumbrances. The filing clarifies that no traditional pledge was created by promoter entities — the encumbrance fell within the SEBI Takeover Regulations' broader definition. After the release, the encumbrance holding stands at Nil.
Positive for Vedanta shareholders — the release removes a significant overhang risk on a large block of promoter-held shares and signals that Vedanta Resources has successfully serviced its debt obligation, reducing the risk of any forced sale of pledged/encumbered promoter shares hitting the market.