Vedanta Power Promoters Pledge Stake for $2.25 Billion Facility
Vedanta Power promoters have encumbered 56.38% of the company's total equity share capital for a US$2.25 billion facility. The encumbrance affects 99.99% of the total promoter shareholding, covering shares held by Twin Star Holdings Ltd, Welter Trading Limited, Vedanta Holdings Mauritius II Limited, Vedanta Holdings Mauritius Limited, and Vedanta Netherlands Investments B.V.
The facility agreement was executed on July 20, 2026, among Twin Star Holdings Ltd as the borrower, and Vedanta Resources Limited, Vedanta Holdings Mauritius II Limited, and Welter Trading Limited as guarantors. The lenders include Barclays Bank PLC, Citigroup Global Markets Asia Limited, Standard Chartered Bank, DB International (Asia) Limited, First Abu Dhabi Bank PJSC, J.P. Morgan Securities (Asia Pacific) Limited, JPMorgan Chase Bank, N.A., Mashreq Bank PSC, Standard Chartered Bank (Mauritius) Limited, and Sumitomo Mitsui Banking Corporation Singapore Branch.
The proceeds from the facility are designated for the repayment of financial indebtedness of the Vedanta Resources group, payment of fees and costs, and general corporate purposes. The agreement explicitly prohibits using proceeds to finance or refinance thermal coal infrastructure, violate anti-bribery laws, or remit funds to India.