Vedanta Power: GLAS Agency Discloses Encumbrance on 56.38% Shares

GLAS Agency (Hong Kong) Limited, acting as agent for lenders under a US$1 billion facility agreement, has disclosed an encumbrance on 2,204,724,753 equity shares of Vedanta Power Limited (VPL), representing 56.38% of its total share capital. This encumbrance arises from conditions within the facility agreement, which includes restrictions on creating security over VPL shares and requirements for VRL group to maintain control if VPL becomes a Material Subsidiary. The disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.