Vedanta Resources Makes Full Repayment on $600 Million Worth of Bonds
By Ankur Chandra | Published at: Jul 9, 2025 02:28 PM IST
Mumbai, July 9, 2025 – Vedanta Resources Ltd (unlisted parent of NSE:VEDL) has formally got released encumbrances over 2.20 billion equity shares of Vedanta Limited, representing 56.38% of its total share capital, following the full repayment of USD 600 million (₹6,000 crore approx.) 9.25% bonds due in 2026. This step is expected to enhance the company’s governance image and demonstrate financial discipline.
This release, under Regulation 31 of the SEBI (SAST) Regulations, 2011, enhances the promoter group’s financial flexibility as Axis Trustee Services Ltd (acting as a collateral agent) has removed liens against the shares held by five key subsidiaries.
At 01:15 PM, VEDL stock traded at ₹441.20 (3.30% down from the previous day’s close).
Key Share Release Summary
| Entity Name | Shares Released | % of Total Equity |
|---|---|---|
| Twin Star Holdings Ltd | 1,564,805,858 | 40.02% |
| Welter Trading Ltd | 38,241,056 | 0.98% |
| Vedanta Holdings Mauritius Ltd | 107,342,705 | 2.75% |
| Vedanta Holdings Mauritius II Ltd | 492,820,420 | 12.60% |
| Vedanta Netherlands Investments B.V. | 1,514,714 | 0.04% |
| Total | 2,204,724,753 | 56.38% |
Bond Details
| Particulars | Details |
|---|---|
| Instrument | USD 600 million Bonds |
| Coupon Rate | 9.25% |
| Maturity | Originally due 2026 |
| Status | Fully Repaid on July 7, 2025 |
| Collateral Agent | Axis Trustee Services Ltd |
Market Reaction: VEDL Stock Falls Over 4%
Despite the positive development, Vedanta Ltd shares dropped ₹19.50 (-4.27%) to ₹436.80 as of 12:53 PM IST on July 9, reflecting investor caution amid broader market volatility.
Vedanta Ltd Stock Snapshot (NSE)
| Metric | Value |
|---|---|
| Last Traded Price | ₹436.80 |
| 52-Week High | ₹526.95 (Dec 16, 2024) |
| 52-Week Low | ₹363.00 (Apr 7, 2025) |
| Total Market Cap | ₹1,70,805.75 Cr |
| Free Float Market Cap | ₹73,600.10 Cr |
| Volume Traded Today | 250.33 lakh shares |
| P/E Ratio (Adjusted) | 9.58 |
| Symbol P/E | 8.69 |
| Index | NIFTY NEXT 50 |
| Industry | Diversified Metals |
Strategic Context
The bond repayment and share release eliminate a significant overhang on the promoter group’s pledged shares, aligning with Vedanta’s ongoing debt optimization strategy. This move comes at a time when investor scrutiny is high due to previous credit rating pressures and refinancing hurdles.
About Vedanta Ltd
Listed on both the NSE and BSE since May 1998, Vedanta Ltd. operates in diversified metals, mining, and energy sectors. It is a key subsidiary of Vedanta Resources Ltd., which the Agarwal family privately holds. The company is a major constituent of the NIFTY NEXT 50 index.
REF: https://nsearchives.nseindia.com/corporate/team_sandeshc_09072025105411_08072025121013_VEDL1.pdf
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