Citicorp Creates Encumbrance Over Vedanta Limited Shares for US $800 Million Bonds

Citicorp International Limited, as trustee for the holders of the bonds, has created an encumbrance over the equity shares of Vedanta Limited held by Twin Star Holdings Limited and Welter Trading Limited. This encumbrance is due to the issuance of US $300,000,000 10.25 per cent guaranteed senior bonds due 2028 and US $500,000,000 11.25 per cent guaranteed senior bonds due 2031 by Vedanta Resources Finance Il plc. The terms and conditions of the bonds restrict Twin Star and Welter from creating or permitting any encumbrance over their assets unless certain conditions are fulfilled. This disclosure is being made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.