Report of Foreign Issuer (6-k)
June 06 2018 - 7:55AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
6-K
Report of
Foreign Private Issuer
Pursuant to Rule
13a-16
or
15d-16
of the Securities Exchange Act of 1934
For the month of June 2018
Commission File 001 33175
Vedanta
Limited
(Exact name of registrant as specified in the charter)
1
st
Floor, C wing, Unit 103,
Corporate Avenue, Atul Projects,
Chakala, Andheri (East),
Mumbai-400
093
Maharashtra, India
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F ☑ Form
40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Table of Contents
Pursuant to the order dated May 30, 2018 of National Company Law Appellate Tribunal, Vedanta Limited is implementing the approved Resolution Plan for
Electrosteel Steels Limited (
ESL
). Accordingly, Vedanta Star Limited (
VSL
), a wholly owned subsidiary of Vedanta Limited, has deposited
the upfront amount
of INR 5,320 crore in escrow account
of ESL and June 4, 2018 has been determined to be the Effective Date under the Resolution Plan.
The Company has acquired control over
ESL and a new board of directors has been put in place.
Investment from VSL in ESL shall be done through a combination of equity of Rs 1,765 crore
and inter-corporate loan of Rs 3,555 crore.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: June 5, 2018
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VEDANTA LIMITED
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By:
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/s/ GR Arun Kumar
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Name:
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GR Arun Kumar
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Title:
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Whole Time Director & Chief Financial Officer
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