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Vedanta Promoters Pledge Their Entire Stake To Raise Funds

Vedanta Promoters Pledge Their Entire Stake To Raise Funds Mar 16 2021, 11:40 PM March 16 2021, 11:40 PM March 16 2021, 11:40 PM Promoter entities of Vedanta Ltd. have pledged their entire stake in the mining firm to raise funds for the open offer for shares in the Indian unit and to service debt.The parent firm Vedanta Resources, led by billionaire Anil Agarwal, notified the exchanges on March 16 of the creation of encumbrance over the shares in Vedanta Ltd. held by five of its subsidiaries.The subsidiaries for which encumbrance has been created are:Finsider . Promoter entities of Vedanta Ltd. have pledged their entire stake in the mining firm to raise funds for the open offer for shares in the Indian unit and to service debt.

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