Vedanta Share Price Recover as Bond Encumbrances Released and Company Refutes Allegations

On July 10, 2024, Vedanta share price drew attention ahead of the company’s 60th annual general meeting. The stock was also in the news after the metals and mining firm announced it had released encumbrances linked to a big bond issue.

Bond Repayment and Encumbrance Release

Earlier, Vedanta Resources Finance II PLC (a related company) had issued bonds worth $600 million, which were set to mature in 2026. Vedanta had informed the stock exchanges about this in January 2024.

After fully repaying the bonds and receiving a no-objection certificate on July 7, 2025, Vedanta confirmed that all encumbrances (legal claims over shares) related to these bonds and their agreements had been removed. The company clarified that no pledge was ever created over Vedanta Ltd’s equity shares by any promoter group companies regarding these bonds.

Regulatory Disclosure

Vedanta explained that because of the nature of the loan agreements, the encumbrances fell under SEBI’s takeover regulations. Axis Trustee Services acted on behalf of the bondholders to officially release these encumbrances over shares held through various Vedanta subsidiaries.

Vedanta Share Price Movement

As of 10 July 2025, Vedanta share price is trading at ₹435.20, down 1.26% today. The stock opened at ₹438.60 and touched a high of ₹442.75 and a low of ₹433.55. The company has a market capitalisation of ₹1.70 lakh crore, a P/E ratio of 10.74, and offers a dividend yield of 9.08%. Its 52-week high and low stand at ₹526.95 and ₹363.00, respectively. The quarterly dividend amount is ₹9.88 per share.

Read More: Waaree Energies to Sell 2.4% Stake in Indosolar via OFS!

Response to Viceroy Report

Vedanta’s stock had fallen 3.4% the previous day after research group Viceroy published a report accusing Vedanta Resources Ltd (VRL) of burdening Vedanta with debt and draining cash. Vedanta firmly rejected these allegations, calling them “a malicious mix of selective misinformation and baseless allegations.”

The company argued that the report was meant to create panic and profit from market reactions. Vedanta pointed out that the report simply compiled public information and exaggerated it to appear sensational. The company also noted that the report included disclaimers stating it was only for “educational purposes” and expressed opinions, not facts.

Company Stance

Vedanta said it remains committed to growing its business and asked stakeholders not to be influenced by speculation or unverified claims.

Conclusion

Vedanta has successfully closed the chapter on its $600 million bonds, removing any encumbrances and clarifying no shares were pledged. Despite market volatility and critical reports, the company reaffirmed its focus on business growth and transparency.

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