The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on May ....
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Vedanta Resources Limited (VRL), the parent company, has amended its existing loan facility with lenders, increasing the commitment from US$350 million to US$600 million. As part of this amended agreement executed on 13 May 2026, encumbrances (in the form of negative lien) have been created or continued over shares of Vedanta Limited held by five VRL subsidiaries: Twin Star Holdings Ltd, Welter Trading Limited, Vedanta Holdings Mauritius Limited, Vedanta Holdings Mauritius II Limited, and Vedanta Netherlands Investments B.V. The total encumbered shares amount to 2,204,724,753, representing 56.38% of Vedanta's total share capital and 99.99% of the promoter group's holding. The lenders include major banks like JPMorgan Chase, Standard Chartered, and First Abu Dhabi Bank. Importantly, the filing clarifies that no pledge was created - only a negative lien. VRL is required to maintain at least 50.1% control over Vedanta.
With 99.99% of promoter holding under encumbrance, any default or invocation of this encumbrance could significantly impact Vedanta's shareholding structure. The increased loan size and continuation of encumbrance suggests ongoing refinancing needs by the Vedanta Resources group. The negative lien means promoters retain voting rights but cannot sell or further encumber shares without lender consent.