Market Performance
Vedanta Limited’s share price traded on a volatile note in Thursday’s session (October 9), mirroring mixed cues across the broader market. Despite early fluctuations, the sentiment around the stock saw a mild lift following a key development involving Union Bank of India.
The stock opened at ₹472.20, slightly lower than its previous close of ₹472.75. During the session, Vedanta touched a high of ₹475.30 and a low of ₹467.50, showcasing a tight trading range for the day.
On a yearly scale, Vedanta has gained around 6% so far in 2025, while its one-year performance remains down by nearly 5%. However, over a longer horizon, the company continues to deliver multibagger returns, surging 116% in the past two years and 287% over five years — reflecting its strong legacy in the metal and mining sector.
Main News: Union Bank Releases Pledge on Vedanta Shares
In a positive turn of events for investors, Union Bank of India has released a pledge on a 56.38% stake in Vedanta Limited, a move that followed the full repayment of outstanding dues by Vedanta’s promoters.
According to an exchange filing, the PSU lender released a pledge on 2,204,724,753 shares, representing 56.38% of Vedanta’s total stake, which were earlier held by subsidiaries of Vedanta Resources Limited (VRL).
The transaction details highlight:
- Borrower: Twin Star Holdings
- Guarantors: Vedanta Resources Limited and Welter Trading Limited
- Lender: Union Bank of India, DIFC Branch, Dubai
- Facility Size: $150,000,000
This facility had created an encumbrance over Vedanta’s equity shares, held by VRL’s subsidiaries. However, as all outstanding dues under the facility agreement have now been fully settled, the encumbrances have been released.
In its official filing, Vedanta clarified that no pledge was created by any of the promoter group entities over Vedanta Limited’s equity shares concerning this agreement.
The release of this pledge is being viewed as a positive corporate development, bringing a degree of relief to investors who have been tracking Vedanta’s debt and liquidity positions.
NCLT Postpones Vedanta Demerger Hearing
Even as the pledge release offered some respite, uncertainty loomed over the company’s ongoing demerger process.
The National Company Law Tribunal (NCLT) has once again postponed the hearing on Vedanta’s demerger proposal — this time to October 29.
Earlier, on September 17, the Mumbai Bench of the NCLT had deferred the case to October 8, directing Vedanta and the Ministry of Petroleum and Natural Gas (MoPNG) to file written submissions within five days.
Vedanta has proposed a scheme of arrangement before the tribunal involving four group companies and their respective shareholders and creditors:
- Vedanta Aluminium Metal
- Talwandi Sabo Power
- Malco Energy
- Vedanta Iron and Steel
The delay in hearing has kept the market cautious, with traders closely monitoring developments around the demerger — a move seen as crucial for unlocking business value across its verticals.
Company Details
Vedanta Limited, a major player in India’s metals, mining, and natural resources space, operates under Vedanta Resources Limited, the UK-based parent company led by Anil Agarwal.
The firm’s diverse portfolio spans across sectors like zinc, oil & gas, aluminium, copper, power, and iron ore, making it one of the most diversified commodity giants in India’s corporate landscape.
Despite short-term market volatility, Vedanta’s long-term performance indicates operational stability and a strong resource base.
Summary of the Article
- Vedanta share price traded in a tight range between ₹467.50 and ₹475.30 on October 9.
- Union Bank of India released a pledge on 56.38% of Vedanta’s stake after promoters cleared dues.
- The facility agreement worth $150 million was fully repaid, leading to the removal of encumbrances.
- NCLT postponed Vedanta’s demerger hearing to October 29, extending the wait for clarity.
- Over the years, Vedanta shares have surged 287% in five years, proving long-term resilience.
The day’s trade reflected mixed emotions — optimism over the pledge release countered by uncertainty around the demerger.
