Vedanta Iron and Steel Share Pledge
Vedanta Resources has disclosed the creation of encumbrance over shares of Vedanta Iron And Steel Limited and other subsidiaries, related to its Tap Bonds.
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Vedanta Resources has disclosed the creation of encumbrance over shares of Vedanta Iron And Steel Limited and other subsidiaries, related to its Tap Bonds.
Vedanta Resources disclosed an encumbrance on VISL shares as part of a US$ 2.25 billion (approx. ₹21,600 Crore) facility agreement. No pledge was created.
GLAS Agency (Hong Kong) Ltd has created an encumbrance on 2.20 billion shares (56.38% stake) of Vedanta Iron and Steel Ltd, securing a US$ 1 billion facility.
Promoters disclosed encumbrance over shares of Vedanta Iron and Steel Limited following a $1 Billion facility agreement, triggering Reg 31 disclosure requirements under Takeover Regulations.
GLAS Agency acted as security trustee for $1.75 billion in bonds, creating an encumbrance over 56.38% of Vedanta Iron And Steel. No direct pledge exists yet.