ALFA Filings
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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.