NSEDisclosure under SEBI Takeover Regulations29 Jul 2026 · 29 Jul 2026, 12:48 pm
Disclosure under SEBI Takeover Regulations
Vedanta Limited · VEDL
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Vedanta Resources Limited has submitted a disclosure under Regulation 31 of the SEBI (SAST) Regulations, 2011, regarding the creation of encumbrance over the equity shares of Vedanta Limited held by its subsidiaries. The disclosure relates to a facility agreement dated July 20, 2026, for a total maximum commitment of US$ 2,250,000,000.
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Full Announcement
Vedanta Resources Limited 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 Limited
1st Floor C Wing, Unit 103, Corporate Avenue
Atul Projects, Chakala, Andheri (East),
Mumbai, Maharashtra 400 093
E-mail: comp.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
Limited (VEDL) 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
VEDL; (ii) no Obligor is permitted to create or permit to subsist any security or quasi-security
over the shares owned by any member of the Group (which includes VRL and its (direct and
indirect) subsidiaries (VRL Group) in an Obligor which owns shares in VEDL, or in any other
member of the VRL Group which directly or indirectly owns shares in such an Obligor; (iii) VRL
Group is required to retain control over VEDL or, directly or indirectly, own at least 50.1% of
the issued equity share capital of VEDL; (collectively, the Encumbrances).
Vedanta Resources Limited
(Registered in England & Wales No. 04740415)
Registered Office: 13th Floor, One Angel Court, London, EC2R 7HJ
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 VEDL 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: 13th Floor, One Angel Court, London, EC2R 7HJ
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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