Vedanta Subsidiaries Face Encumbrance Disclosure Under Takeover Rules

GLAS Agency (Hong Kong) Ltd, acting as security trustee for bondholders, has filed a disclosure under SEBI's Takeover Regulations concerning potential encumbrances on shares of Vedanta Limited, Vedanta Power, Vedanta Oil and Gas, Vedanta Iron and Steel, and Vedanta Aluminium Metal. These encumbrances relate to equity shares held by promoter group entities like Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The disclosure is made because certain contractual restrictions tied to bonds issued by Vedanta Resources Finance II Plc may be interpreted as 'encumbrance' under the regulations. No actual pledge has been created on the shares as of the disclosure date.