{"id":392505,"date":"2020-12-31T10:34:50","date_gmt":"2020-12-31T05:04:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=392505"},"modified":"2020-12-31T10:34:50","modified_gmt":"2020-12-31T05:04:50","slug":"vedanta-says-no-pledge-on-shares-fundraise-conditions-bar-promoters-from-share-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-says-no-pledge-on-shares-fundraise-conditions-bar-promoters-from-share-sale\/","title":{"rendered":"Vedanta says no pledge on shares, fundraise conditions bar promoters from share sale"},"content":{"rendered":"<p>NEW DELHI : Vedanta Ltd&#8217;s promoters cannot sell or create any security on shares they hold in the group as part of the terms attached to the recent $1.4 billion fundraising &#8212; conditions which technically fall within the definition of &#8216;encumbrance&#8217; but no pledge on shares has been created, the company said on Wednesday.<\/p>\n<p>Vedanta had on Tuesday informed stock exchanges about its promoters raising $1 billion debt by issuing equivalent notes to Citicorp International Ltd and another $400 million in notes to an entity under Oaktree Capital Group.<\/p>\n<p>The notes in both cases will be partly secured by shares in the Mumbai-listed unit Vedanta Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Vedanta Ltd&#8217;s promoters cannot sell or create any security on shares they hold in the group as part of the terms attached to the recent $1.4 billion fundraising &#8212; conditions which technically fall within the definition of &#8216;encumbrance&#8217; but no pledge on shares has been created, the company said on Wednesday. Vedanta had on Tuesday informed stock exchanges about its promoters raising $1 billion debt by issuing equivalent notes to Citicorp International Ltd and another $400 million in notes to an entity under Oaktree Capital Group. The notes in both cases will be partly secured by shares [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-392505","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=392505"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392505\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}