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Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. It has presence across India, South Africa, Namibia, Ireland, Liberia & UAE.Its other businesses includes commercial power generation, steel manufacturing & port operations in India and manufacturing of glass substrate in South Korea and Taiwan.
Vedanta's promoter group subsidiaries have repaid specific financing facilities totaling US$1.73 billion, leading to the release of encumbrances (pledges/liens) on 213.97 Cr shares of Vedanta Limited (VEDL). While these specific encumbrances are now cleared, the *same shares* remain encumbered under other existing financing agreements by the promoter group. Therefore, the...