Vedanta: Promoter fully releases encumbrance on 39.33% shares after bond repayment
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Vedanta promoter Vedanta Resources Limited has fully released encumbrances on 39.33% of Vedanta shares (about 153.8 crore shares) held by Twin Star Holdings and Welter Trading after completely repaying USD 1.5 billion senior bonds. The bonds issued in September, October, and December 2024 were settled on July 17, 2026. Encumbrances on recently demerged entities were also released. Separately, Twin Star sold 6.5 crore shares on June 23, 2026, reducing its stake from 40.02% to 38.35%.
Removes pledge overhang on promoter shares after bond repayment, reducing forced-sale risk. Slight dip in promoter stake to 54.72%. Marginally positive sentiment.