Twin Star Holdings, the promoter group company of the Vedanta Group, has sold approximately 73 million shares in Vedanta Ltd for ₹2,149 crore.
The transaction marks a significant liquidity event for the conglomerate's holding structure, aimed squarely at balance sheet repair rather than a strategic exit from the listed entity.
Despite the divestment, Twin Star Holdings maintains a substantial 40% ownership stake in Vedanta Ltd, signaling continued control and long-term commitment to the listed operations.
Sources indicate that the proceeds from the share sale are expected to be used to reduce debt at the parent company, Vedanta Resources.
This move underscores the ongoing pressure on the group's offshore holding vehicle to manage its leverage profile, a recurring theme for the Anil Agarwal-led empire.
Despite the divestment, Twin Star Holdings maintains a substantial 40% ownership stake in Vedanta Ltd, signaling continued control and long-term commitment to the listed operations.
The sale reflects a broader trend among Indian conglomerates to optimize capital structures amid volatile commodity cycles and high interest rate environments.