Vedanta Power

GLAS Agency (Hong Kong) Limited, acting as security trustee for bondholders, disclosed the creation of an encumbrance over 2,204,724,753 equity shares — 56.38% of the total — of Vedanta Power Limited. The move follows the issuance of US$1.75 billion in guaranteed senior bonds by Vedanta Resources Finance II plc in June 2026, with trust deeds executed on 13 July 2026. The encumbrance arises from contractual restrictions that prevent the promoter group entities from creating additional security interests, disposing of shares outside specified terms, and require the Vedanta Resources group to retain control or own at least 50.1% of Vedanta Power. No pledge has been created over the shares, and the obligations become effective upon execution of supplemental trust deeds.

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** Vedanta Aluminium Metal VEDO.NS stock falls 5% below listing price to 495.90 rupees in trading debut

** Listed at 522 rupees, 331.3% higher than issue price of 121.03 rupees

** Vedanta Oil and Gas VEDL.NS also drops 5% below opening price on debut

** Vedanta Power TALA.NS and Vedanta Iron and Steel VEDR.NS rise 3.3% and 5.3% post-listing on NSE

** Parent Vedanta VDAN.NS, which now houses the base metals business, slips 1%

** All four firms listed Monday following demerger scheme that split VDAN's aluminium, power, iron & steel, and oil & gas units

(Reporting by Vijay Malkar)

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