Madison Pacific creates encumbrance on Vedanta shares for lenders

Madison Pacific Trust Limited disclosed the creation of an encumbrance on shares of Vedanta Limited (BSE:VEDL) on April 17, 2025. The disclosure, made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, relates to a facility agreement executed among lenders, Twin Star Holdings Ltd., Vedanta Resources Limited (VRL), Welter Trading Limited, and Madison Pacific Trust Limited, who are acting for the lenders. The encumbrance involves a negative lien on shares held by direct and indirect subsidiaries of VRL, specifically Twin Star Holdings, Welter Trading Limited, Vedanta Holdings Mauritius Limited, Vedanta Holdings Mauritius II Limited and Vedanta Netherlands Investments BV. Also, the aforementioned companies are prohibited from creating any further encumbrances on the shares, while VRL and its direct/indirect subsidiaries must maintain control, owning at least 50.1% of Vedanta's issued equity share capital. VRL has also made a related disclosure under Regulation 31. It is also disclosed that the borrowed amount under this facility agreement will be used to service Financial Indebtedness of the VRL Group, to pay expenses related to the finance documents, and for general corporate purposes of the Borrower. The number of Vedanta shares encumbered is 2,204,724,753, representing 56.38% of the share capital of Vedanta.