Vedanta Aluminium Promoter Encumbers Shares for $2.25 Bn Facility

Vedanta Resources Limited (VRL), through its subsidiaries, has disclosed the creation of encumbrances over equity shares of Vedanta Aluminium Metal Limited (VAML). This action is in relation to a facility agreement for a total maximum commitment of US$ 2,250,000,000. The encumbrances are likely to fall under SEBI (SAST) Regulations, 2011. The agreement includes clauses requiring VRL group to retain control over VAML and maintain at least 50.1% shareholding. As of the disclosure date, the committed amount from original lenders is US$ 1,545,000,000, with an option for an increase up to US$ 2,250,000,000.