Encumbrance Created on Vedanta Oil and Gas Shares as Part of $2.25 Billion Facility Agreement
Vedanta Oil and Gas Limited (VOGL) has created an encumbrance over its equity shares through a facility agreement dated 20 July 2026. This arrangement is secured by GLAS Agency (Hong Kong) Limited acting as the agent for the original lenders, underpinning a total maximum commitment of US$ 2,250,000,000.The encumbrance pertains to the shares of VOGL held by Vedanta Resources Limited (VRL) and its subsidiaries, including Twin Star Holdings Ltd., Welter Trading Limited, Vedanta Holdings Mauritius Limited, Vedanta Holdings Mauritius II Limited, and Vedanta Netherlands Investments B.V.
GLAS Agency (Hong Kong) Limited is acting in its capacity as the agent for the lenders in relation to this encumbrance. The facility agreement imposes specific conditions on the Obligors (including TSHL, VRL, VHMLII, and Welter), mandating that no security or quasi-security shall be created over VOGL shares. Additionally, members of the VRL group are restricted from creating any security over their holdings in an Obligor that owns VOGL shares.
As of the date of disclosure, the commitment from the original lenders stands at US$ 1,545,000,000. The total maximum commitment includes an increase mechanism, with a potential top-up commitment available up to US$ 705,000,000.
The creation of the encumbrance was executed on 20 July 2026. GLAS Agency (Hong Kong) Limited holds a total of 2,204,724,753 shares of VOGL equity, which represents 56.38% of the company's capital.
Key details regarding the encumbrance and share structure are summarized below:
| Detail | Specification |
|---|---|
| Date of Encumbrance | 20 July 2026 |
| Total Maximum Commitment | US$ 2,250,000,000 |
| Original Lender Commitment (Current) | US$ 1,545,000,000 |
| Available Increase Commitment | Up to US$ 705,000,000 |
| Shares Encumbered by GLAS Agency | 2,204,724,753 (56.38%) |
The company's financial standing before the encumbrance creation saw its equity share listed capital recorded at ₹ 3,910,388,057. The total diluted share/voting capital of VOGL remains unchanged following this transaction.
VOGL Stock Price Movement
Shares of Vedanta Oil and Gas Limited are edging higher to ₹33.6 as of 10:01 AM, gaining 0.96% in live trading with a jump of ₹0.32 per share. The stock currently trades within an intraday range of ₹32.7 to ₹34.3, having seen 15.06 million shares exchanged so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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