Canara Bank releases encumbrances on Vedanta shares after loan repayment

Canara Bank, through its London branch, announced the full release of encumbrances on 2,204,724,753 equity shares of Vedanta Limited (VEDL). This action follows the complete repayment of a $100,000,000 facility on August 29, 2025. The original encumbrance was established on September 29, 2022, under a facility agreement with Vedanta Resources Limited (VRL) as the borrower.

The encumbered shares were held through Vedanta's direct and indirect subsidiaries, including Twin Star Holdings Ltd., Welter Trading Limited, Vedanta Holdings Mauritius Limited, Vedanta Holdings Mauritius II Limited, and Vedanta Netherlands Investments B.V. Canara Bank clarified that no pledge had been created by any Promoter Group Entities over VEDL's equity shares in relation to the facility.

This disclosure, made under Regulation 29(2) and 29(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms that the 56.38% stake previously encumbered is now free of such obligations. Following the release, Canara Bank's holding of encumbered shares in VEDL is now Nil.