The proceeds are expected to be used to reduce debt at parent company Vedanta Resources, sources said
Twin Star Holdings, the Vedanta Group’s promoter group company, has sold about 73 million shares in Vedanta Ltd for ₹2,149 crore in a block deal on Tuesday.
The shares were sold at ₹292 a piece, according to the sources.
The proceeds are expected to be used to reduce debt at parent company Vedanta Resources, sources said.
Following the sale, Twin Star will hold about 40 per cent of Vedanta Ltd, while overall promoter ownership remains around 56 per cent.
The Vedanta Group recently demerged its business to list four new entities on the stock exchange. The newly listed businesses include Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Oil and Gas and Vedanta Power.
The promoters intend to reduce debt at the parent level by divesting stake, sources said.
“With five listed entities and different capital structures, the group is now looking at accelerated deleveraging at the holding-company level. This deleveraging is coming ahead of schedule,” one of the sources familiar with the matter said.
The stake sale comes as billionaire Anil Agarwal-led Vedanta Group seeks to simplify its balance sheet and reduce refinancing risk at VRL, which has long been closely watched by investors because of its debt obligations.
Anil Agarwal-led Vedanta Resources has debt of $5.25-5.5 billion and plans to extend the tenor of its loans through a mix of long-tenor bonds and amortisation of loans, said people aware of the matter.
Published on June 23, 2026
