NSEDisclosure under SEBI Takeover Regulations3d ago · 24 Jul 2026, 04:32 pm
Disclosure under SEBI Takeover Regulations
Vedanta Aluminium Metal Limited · VAML
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Vedanta Resources Ltd has submitted a disclosure under SEBI Takeover Regulations regarding the creation of encumbrance over the equity shares of Vedanta Aluminium Metal Limited (VAML) held by its subsidiaries. The disclosure is related to a facility agreement dated July 20, 2026, for a total maximum commitment of US$ 2,250,000,000. The encumbrances are likely to fall within the definition of the term 'encumbrance' provided under Chapter V of the Takeover Regulations.
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Full Announcement
Vedanta Resources Ltd has submitted to the Exchange a copy of Disclosure under Regulation 31 of the SEBI ( SAST) Regulations, 2011.
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Date: July 22, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Fort Bandra-Kurla-Complex, Bandra (East)
Mumbai 400 001 Mumbai 400 051
E-mail: corp.relations@bseindia.com Email: takeover@nse.co.in
Vedanta Aluminium Metal Limited
E-mail: vaml.sect@vedanta.co.in
Dear Sir/Madam,
Subject: Disclosure under Regulation 31 of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover
Regulations).
This disclosure is being made by Vedanta Resources Limited (VRL) in relation to creation of
encumbrance (as defined under Chapter V of the SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 (Takeover Regulations)) over the equity shares of Vedanta
Aluminium Metal Limited (VAML) held by its direct and indirect subsidiaries i.e. Twin Star
Holdings Ltd. (TSHL), Welter Trading Limited (Welter), Vedanta Holdings Mauritius Limited
(VHML), Vedanta Holdings Mauritius II Limited (VHMLII) and Vedanta Netherlands
Investments B.V (VNIBV) in terms of the facility agreement dated July 20, 2026 for a total
maximum commitment aggregating US$ 2,250,000,000 executed inter alios, amongst TSHL (as
the borrower), VRL, VHMLII and Welter (as the guarantors), Barclays Bank PLC, Citigroup Global
Markets Asia Limited, DB International (Asia) Limited, First Abu Dhabi Bank PJSC, First Abu
Dhabi Bank PJSC, Gift City Branch, J.P. Morgan Securities (Asia Pacific) Limited, Mashreq Bank
PSC, IFSC Banking Unit, Gift City Branch, Standard Chartered Bank and Sumitomo Mitsui
Banking Corporation Singapore Branch (as the arrangers), Barclays Bank PLC, Citibank, N.A.,
Hong Kong Branch, DB International (Asia) Limited, First Abu Dhabi Bank PJSC, First Abu Dhabi
Bank PJSC, Gift City Branch, JP Morgan Chase Bank, N.A., London Branch, Mashreq Bank PSC,
IFSC Banking Unit, Gift City Branch, Standard Chartered Bank, Standard Chartered Bank
(Mauritius) Limited and Sumitomo Mitsui Banking Corporation Singapore Branch (as the
original lenders) and GLAS Agency (Hong Kong) Limited (as the agent and the security agent)
(Facility Agreement).
Pursuant to the Facility Agreement, inter alia: (i) no Obligor (which includes TSHL, VRL, VHMLII
and Welter) shall create or permit to subsist any security or quasi security over the shares of
VAML; (ii) No member of VRL group (VRL and its (direct and indirect) subsidiaries) shall create
or permit to subsist any security or quasi-security over the shares owned by them (directly or
indirectly) in an Obligor which owns shares in VAML; (iii) VRL group is required to retain control
over VAML or, directly or indirectly, own at least 50.1% of the issued equity share capital of
VAML; (collectively, the Encumbrances).
Vedanta Resources Limited
(Registered in England & Wales No. 04740415)
Registered Office: C/O CSC CLS (UK) Limited, 5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU
Corporate Office: 30 Berkeley Square, London, W1J 6EX
Tel: +44 (0) 20 7499 5900 | Fax: +44 (0) 20 7491 8440 | Website: www.vedantaresources.com
Given the nature of conditions and/or arrangements under the Facility Agreement, the
Encumbrances and other conditions therein are likely to fall within the definition of the term
encumbrance provided under Chapter V of the Takeover Regulations.
For completeness, it is clarified that no pledge has been created by VRL or its subsidiaries over
the equity shares of VAML in relation to the Facility Agreement. As on the date of this
disclosure, the commitment of the original lenders is US$ 1,545,000,000 with increase
commitment of up to US$ 705,000,000 available from one or more increase lender executing
an increase lender accession agreement under the terms of the Facility Agreement. This
disclosure is in relation to the total maximum commitments of US$ 2,250,000,000, inclusive of
increase mechanism under the Facility Agreement.
The enclosed disclosure is being made under Regulation 31 read with Securities and Exchange
Board of India's Master circular dated February 16, 2023, bearing reference no.
SEBI/HO/CFD/PoD-1/P/CIR/2023/31 in relation to the above considering the definition of the
term "encumbrance" for the purposes of Chapter V of the Takeover Regulations.
Yours faithfully,
For and on behalf of Vedanta Resources Limited
and its aforementioned subsidiaries
Authorised Signatory
Encl.: a/a
Vedanta Resources Limited
(Registered in England & Wales No. 04740415)
Registered Office: C/O CSC CLS (UK) Limited, 5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU
Corporate Office: 30 Berkeley Square, London, W1J 6EX
Tel: +44 (0) 20 7499 5900 | Fax: +44 (0) 20 7491 8440 | Website: www.vedantaresources.com
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