Vedanta: Promoter encumbrance disclosure for USD 1.75B bond issuance
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vedanta Resources filed SAST disclosure for encumbrance on 54.72% of Vedanta shares (about 2.14 billion shares) held by 5 promoter group entities. Triggered by USD 1.75 billion bonds issued by Vedanta Resources Finance II PLC due 2032, 2034 and 2037. No actual pledge created; encumbrance covers trust deed covenants including a 50.1% minimum stake requirement. Bond proceeds will repay existing debt. Separately, Twin Star sold 65 million shares on June 23, 2026, cutting its stake from 40.02% to 38.35%.
Covenant-based encumbrance, not a share pledge. Promoter holding at 54.72% stays above 50.1% bond threshold. Watch for default risk; forced selling possible if breached.