Vedanta Subsidiaries Create Encumbrance on Shares for Bonds
Vedanta Resources Limited (VRL) has disclosed the creation of encumbrances over equity shares of its subsidiaries, including Vedanta Limited, by entities like Twin Star Holdings Ltd. This action is in relation to the issuance of US$1.75 billion in guaranteed senior bonds by Vedanta Resources Finance II PLC on June 25, 2026. The encumbrances are established through trust deeds executed with GLAS Agency (Hong Kong) Limited as the security trustee. These encumbrances are subject to specific conditions outlined in the bond terms and conditions, which may restrict the creation of further security interests or the disposal of assets by promoter group entities unless certain conditions are met. The disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Encumbrance created on Vedanta Limited shares by subsidiaries.
- Related to US$1.75 billion in senior bonds issued by VRL Finance.
- Disclosure made under SEBI Takeover Regulations.
- Conditions may restrict asset disposal by promoter group entities.
- No pledge created as of disclosure date.
Price Impact
More from VEDL