Union Bank of India has confirmed the release of encumbrances over Vedanta Limited shares following the full repayment of dues under a USD 150 million facility agreement signed with Twin Star Holdings Limited, Vedanta Resources Limited (VRL), and Welter Trading Limited (WTL).
The facility, managed by the bank’s DIFC branch in Dubai, had previously created encumbrances on Vedanta Limited shares held by VRL subsidiaries — including Twin Star, WTL, Vedanta Holdings Mauritius Limited, Vedanta Holdings Mauritius II Limited, and Vedanta Netherlands Investments B.V. With all dues now settled, Union Bank confirmed that all such encumbrances have been lifted.
The disclosure, made under Regulation 29(2) read with Regulation 29(4) of SEBI’s Takeover Regulations, clarified that no pledges were created by promoter group entities during the tenure of the facility. Prior to the release, 2,204,724,753 Vedanta shares — representing 56.38% of the company’s equity — were under encumbrance.
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