Vedanta Share Price in Focus as Union Bank Releases Pledge on 56.38% Stake | Stock Market Today

Market Performance

The stock market opened to mixed cues today, and Vedanta share price became one of the key stocks in focus. The metal and mining major traded on a volatile note in Thursday’s session (October 9).

Despite broader market uncertainty, Vedanta remained in the spotlight as investors reacted to a significant development involving the release of pledged shares by Union Bank of India.

The large-cap metal stock opened at ₹472.20, slightly lower than the previous close of ₹472.75 per share, before swinging between ₹467.50 and ₹475.30 during the day.

So far in 2025, Vedanta shares have gained around 6%, though over the last one year, the stock is down by nearly 5%.

Looking longer term, the performance tells a different story — the stock has rallied 116% in two years and soared 287% over the past five years, cementing its place as a strong long-term performer in the metals space.

Main News: Union Bank Releases Pledge on Vedanta Stake

In a notable update, Union Bank of India has released its pledge on 2,204,724,753 equity shares, representing a 56.38% stake in Vedanta Limited.

These shares were earlier pledged by subsidiaries of Vedanta Resources Limited (VRL) as part of a financial arrangement.

Here’s the key detail:

• Twin Star Holdings (Borrower), along with Vedanta Resources Limited and Welter Trading Limited as guarantors, had entered into a facility agreement with Union Bank of India, DIFC Branch, Dubai.
• The agreement was valued at $150,000,000, backed by a pledge on Vedanta’s equity shares held by VRL subsidiaries.
• As per the company’s latest exchange filing, all dues under the facility agreement have now been fully repaid.
• Consequently, all encumbrances created under this agreement stand released.

The filing also clarified that no fresh pledge had been created by any of the promoter group entities over Vedanta’s equity shares in connection with this facility.

This repayment-led release marks a key positive for Vedanta’s promoters, reducing leverage-related concerns that had been weighing on sentiment in recent months.

Company Details: NCLT Postpones Vedanta Demerger Hearing

While the pledge release offered a relief, the company continues to wait for regulatory clarity on its demerger plan.

The National Company Law Tribunal (NCLT) has once again postponed the hearing on Vedanta’s demerger proposal to October 29.

Earlier, the Mumbai bench of the tribunal had deferred the hearing to October 8, directing both Vedanta and the Ministry of Petroleum and Natural Gas (MoPNG) to submit written submissions within five days.

Vedanta’s demerger proposal includes a scheme of arrangement involving four group entities:

• Vedanta Aluminium Metal,
• Talwandi Sabo Power,
• Malco Energy, and
• Vedanta Iron and Steel.

The proposal, filed with the NCLT Mumbai bench, covers these companies and their respective shareholders and creditors.

Investors continue to monitor the developments closely, as the outcome could influence Vedanta’s long-term structure and capital allocation strategy.

Summary

The Vedanta share price witnessed a range-bound session today as investors balanced two contrasting updates — the positive pledge release by Union Bank of India and the continued delay in the demerger hearing by NCLT.

Key Takeaways:

• Union Bank of India released a pledge on 56.38% stake (2.20 billion shares) of Vedanta after full repayment of dues.
• The facility agreement involved a $150 million loan, now completely cleared.
• NCLT postponed the demerger hearing to October 29.
• Vedanta shares traded between ₹467.50 and ₹475.30 in today’s session.
• Stock up 6% in 2025 YTD, down 5% over one year, and up 287% in five years.

Despite near-term uncertainty around the demerger, the release of pledged shares signals a cleaner balance sheet position for Vedanta’s promoters — a development that adds a layer of confidence to investor sentiment in the stock market today.