Vedanta Oil & Gas Shares Encumbered Under $2.25 Bn Facility

Vedanta Oil and Gas Limited (VOGL) shares held by Vedanta Resources Limited (VRL) and its subsidiaries are subject to encumbrances as per a disclosure under SEBI's Takeover Regulations. This is due to a US$2.25 billion facility agreement where GLAS Agency (Hong Kong) Limited acts as the agent. The agreement imposes restrictions on creating security over VOGL shares and requires VRL group to maintain at least 50.1% control if VOGL becomes a Material Subsidiary. The current commitment from original lenders is US$1.545 billion, with potential for an increase.