Schedule 13D

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

Sesa Sterlite Limited

(Name of Issuer)

Equity shares, par value Re. 1 per equity share

(Title of Class of Securities)

78413F103

(CUSIP Number)

Vedanta Resources plc

Attention: Mr. Deepak Kumar

16 Berkley Street, 5th Floor,

London, W1J8DZ

United Kingdom

+44 20 7499 5900

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

June 24, 2014

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  x

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

 

 

 

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


13D

 

CUSIP No. 78413F103   Page 1 of 22 Pages

 

  1   

Names of reporting persons

 

Vedanta Resources plc

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    United Kingdom

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    1,821,692,670

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    1,821,692,670

11  

Aggregate amount beneficially owned by each reporting person

 

    1,821,692,670

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    61.4%

14  

Type of reporting person

 

    CO

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.


13D

 

CUSIP No. 78413F103   Page 2 of 22 Pages

 

  1   

Names of reporting persons

 

Vedanta Resources Holdings Limited

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    United Kingdom

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    1,821,692,670

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    1,821,692,670

11  

Aggregate amount beneficially owned by each reporting person

 

    1,821,692,670

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    61.4%

14  

Type of reporting person

 

    CO

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.


13D

 

CUSIP No. 78413F103   Page 3 of 22 Pages

 

  1   

Names of reporting persons

 

Twin Star Holdings Limited

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    Mauritius

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    1,337,611,995

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    1,337,611,995

11  

Aggregate amount beneficially owned by each reporting person

 

    1,337,611,995

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    45.1%

14  

Type of reporting person

 

    CO

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.


13D

 

CUSIP No. 78413F103   Page 4 of 22 Pages

 

  1   

Names of reporting persons

 

Volcan Investments Limited

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    Bahamas

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    1,821,692,670

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    1,821,692,670

11  

Aggregate amount beneficially owned by each reporting person

 

    1,821,692,670

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    61.4%

14  

Type of reporting person

 

    CO

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.


13D

 

CUSIP No. 78413F103   Page 5 of 22 Pages

 

  1   

Names of reporting persons

 

Anil Agarwal Discretionary Trust

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    Bahamas

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    1,821,692,670

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    1,821,692,670

11  

Aggregate amount beneficially owned by each reporting person

 

    1,821,692,670

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    61.4%

14  

Type of reporting person

 

    OO (private trust)

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.


13D

 

CUSIP No. 78413F103   Page 6 of 22 Pages

 

  1   

Names of reporting persons

 

Conclave PTC Limited

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    Bahamas

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    1,821,692,670

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    1,821,692,670

11  

Aggregate amount beneficially owned by each reporting person

 

    1,821,692,670

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    61.4%

14  

Type of reporting person

 

    CO

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.


13D

 

CUSIP No. 78413F103   Page 7 of 22 Pages

 

  1   

Names of reporting persons

 

Anil Agarwal

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    India

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    1,821,692,670

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    1,821,692,670

11  

Aggregate amount beneficially owned by each reporting person

 

    1,821,692,670

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    61.4%

14  

Type of reporting person

 

    IN

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.


13D

 

CUSIP No. 78413F103   Page 8 of 22 Pages

 

  1   

Names of reporting persons

 

Vedanta Resources Finance Limited

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    United Kingdom

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    484,080,675

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    484,080,675

11  

Aggregate amount beneficially owned by each reporting person

 

    484,080,675

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    16.3%

14  

Type of reporting person

 

    CO

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.


13D

 

CUSIP No. 78413F103   Page 9 of 22 Pages

 

  1   

Names of reporting persons

 

Vedanta Resources Cyprus Limited

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    Cyprus

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    484,080,675

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    484,080,675

11  

Aggregate amount beneficially owned by each reporting person

 

    484,080,675

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    16.3%

14  

Type of reporting person

 

    CO

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.


13D

 

CUSIP No. 78413F103   Page 10 of 22 Pages

 

  1   

Names of reporting persons

 

Welter Trading Limited

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    Cyprus

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    38,241,056

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    38,241,056

11  

Aggregate amount beneficially owned by each reporting person

 

    38,241,056

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    1.3%

14  

Type of reporting person

 

    CO

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.


13D

 

CUSIP No. 78413F103   Page 11 of 22 Pages

 

  1   

Names of reporting persons

 

Richter Holding Limited

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    Cyprus

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    445,839,619

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    445,839,619

11  

Aggregate amount beneficially owned by each reporting person

 

    445,839,619

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    15.0%

14  

Type of reporting person

 

    CO

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.


13D

 

CUSIP No. 78413F103   Page 12 of 22 Pages

 

  1   

Names of reporting persons

 

Westglobe Limited

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    Mauritius

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    44,343,139

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    44,343,139

11  

Aggregate amount beneficially owned by each reporting person

 

    44,343,139

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    1.5%*

14  

Type of reporting person

 

    CO

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.

 


13D

 

CUSIP No. 78413F103   Page 13 of 22 Pages

 

  1   

Names of reporting persons

 

Finsider International Company Limited

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  ¨

 

  3  

SEC use only

 

  4  

Source of funds

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨

 

  6  

Citizenship or place of organization

 

    United Kingdom

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

    0

     8   

Shared voting power

 

    401,496,480

     9   

Sole dispositive power

 

    0

   10   

Shared dispositive power

 

    401,496,480

11  

Aggregate amount beneficially owned by each reporting person

 

    401,496,480

12  

Check if the aggregate amount in Row (11) excludes certain shares    ¨

 

13  

Percent of class represented by amount in Row 11

 

    13.5%

14  

Type of reporting person

 

    CO

 

* Based on 2,964,674,487 equity shares of Sesa Sterlite Limited outstanding as of March 31, 2014.

 


13D

 

CUSIP No. 78413F103   Page 14 of 22 Pages

 

ITEM 1. Security and Issuer

This statement on Schedule 13D (“Schedule 13D”) relates to the equity shares, par value Re. 1 per equity share (the “Equity Shares”) of Sesa Sterlite Limited (the “Issuer”), a corporation incorporated under the laws of the Republic of India, whose principal executive offices are located at 20, EDC Complex, Patto, Panaji, GOA – 403 001, India.

 

ITEM 2. Identity and Background

This statement is being filed by the following persons (each a “Reporting Person” and, collectively, the “Reporting Persons”):

Vedanta Resources plc (“Vedanta”)

Vedanta Resources Holdings Limited (“VRHL”)

Twin Star Holdings Limited (“Twin Star”)

Volcan Investments Limited (“Volcan”)

Anil Agarwal Discretionary Trust (the “Trust”)

Conclave PTC Limited (“Conclave”)

Mr. Anil Agarwal

Vedanta Resources Finance Limited (“VRFL”)

Vedanta Resources Cyprus Limited (“VRCL”)

Welter Trading Limited (“Welter”)

Richter Holding Limited (“Richter”)

Westglobe Limited (“Westglobe”)

Finsider International Company Limited (“Finsider”)

Volcan is the majority shareholder of Vedanta, which is the sole shareholder of VRHL, which is the sole shareholder of each of Twin Star and VRFL. VRFL is the sole shareholder of VRCL, which is the sole shareholder of each of Welter and Richter. Richter is the sole shareholder of Westglobe and the majority shareholder of Finsider.

Volcan is wholly owned by the Trust. Conclave is the trustee of the Trust. Mr. Anil Agarwal, the Executive Chairman of Vedanta and protector of the Trust, may be deemed to have beneficial ownership of securities that are beneficially owned by the Trust. Mr. Agarwal disclaims any such beneficial ownership.

The Directors of Vedanta are: Mr. Anil Agarwal, Executive Chairman; Mr. Navin Agarwal, Deputy Executive Chairman; and Mr. Tom Albanese, Chief Executive Officer., Mr. Aman Mehta; Mr. Euan Macdonald; Mr. Geoffrey Green; Mr. Deepak Parekh. Ms. Katya Zotova was appointed on August 2, 2014.

The Directors of VRHL are: Mr Navin Agarwal and Mr. Thomas Albanese

The Directors of Twin Star are: Mr. Gyaneshwarnath Gowrea and Mr. Mohammad Akhtar Janally.


13D

 

CUSIP No. 78413F103   Page 15 of 22 Pages

 

The directors of Volcan are: Mr. Dwarkaprasad Agarwal, Mr. E. Isaac Collie and M/s Elco (Secretary) Limited – (Corporate)

The trustee of Trust is Conclave PTC

The directors of Conclave PTC are: Mr. Anil Agarwal, Mrs. Kiran Agarwal, Mr Dwarkaprasad Agarwal and Mr. E. Isaac Collie.

The directors of VRFL are: Mr. Dindayal Jalan and Mr Deepak Kumar

The directors of VRCL are: Mr. Kyriacos th. Michaelides, Ms. Christiana K Michaelides and Mr. Deepak Kumar

The directors of Welter are: Mr. Alexis Tsielepis and Ms. Popi Savva

The officers of Richter are: Mr. Kyriacos th. Michaelides, Ms. Christiana K Michaelides, and Mr. Deepak Kumar:

The directors of Westglobe are: Mr. H. N Maskara Mr. Gyaneshwarnath Gowrea and Mr. Mohammad Akhtar Janally.

The directors of Finsider are: Mr Euan Macdonald and Mr Deepak Kumar

The individuals named in this Item 2 are referred to herein as the “Related Persons.” The present principal occupation and citizenship of each of the Related Persons are set forth on Annex A, which is attached hereto.

The address of the principal business office of Vedanta, VRHL, VRFL and Finsider is 16 Berkeley Street, 5th Floor, London, W1J8DZ, United Kingdom.

The address of the principal business office of Twin Star and Westglobe is c/o Multiconsult Limited, Les Cascades Building, Edith Cavell Street, Port Louis, Mauritius.

The address of the principal business office of Volcan and Trust is Loyalist Plaza, Don Mackay Boulevard, P.O. Box AGB -20377, March Harbour, Abaco, Bahamas.

The address of the principal business office of Conclave is c/o H & J Fiduciary Services Ltd, Ocean Centre, Montagu Foreshore, East Bay Street, P.O. Box SS-19084, Nassau, Bahamas.

The address of the principal business office of Welter is 28 Oktovriou Street, 205 Louloupis Court, P.C. 3035 Limassol, Cyprus.

The address of the principal business office of VRCL and Richter is 66 Ippocratous Street, 1015 Nicosia, Cyprus.

The address of the principal business office of Mr. Anil Agarwal is 42 Hill Street, London W1J 5NU, United Kingdom.


13D

 

CUSIP No. 78413F103   Page 16 of 22 Pages

 

During the past five years, none of the Reporting Persons or Related Persons (i) has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

ITEM 3. Source and Amount of Funds or Other Consideration

Twin Star availed intercompany loans from Vedanta through VRHL to pay cash consideration of Rs. 26,178,798,967.38 in connection with the purchase of the Equity Shares described in Item 5(c) below

 

ITEM 4. Purpose of Transaction

The Reporting Persons have acquired the Equity Shares for investment purposes. Depending on the factors discussed herein, the Reporting Persons may, from time to time, acquire, retain or sell all or a portion of the Equity Shares in the open market or in privately negotiated transactions. Any actions the Reporting Persons might undertake will be dependent upon the Reporting Persons’ review of numerous factors, including, among other things, the price levels of the Equity Shares; general market and economic conditions; ongoing evaluation of the Issuer’s business, financial condition, operations and prospects; the relative attractiveness of alternative business and investment opportunities; and other future developments.

Except as set forth above, the Reporting Persons and Related Persons have no present plans or proposals which would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.


13D

 

CUSIP No. 78413F103   Page 17 of 22 Pages

 

ITEM 5. Interest in Securities of the Issuer

(a) – (b)

The following sets forth, as of the date of this Schedule 13D, the aggregate number and percentage of Equity Shares beneficially owned by each of the Reporting Persons, as well as the number of Equity Shares as to which each Reporting Person has the sole power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition of as of the date hereof, based on 2,964,674,487 Equity Shares outstanding as of March 31, 2014.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

   

Sole

power

to vote

or to

direct

the vote:

    

Shared

power to

vote or to

direct the

vote:

    

Sole
power to
dispose or
to direct
the
disposition

of:

    

Shared

power to

dispose or

to direct

the

disposition

of:

 

Mr. Anil Agarwal

     1,821,692,670         61.4     0         1,821,692,670         0         1,821,692,670   

Conclave PTC Limited (“Conclave”)

     1,821,692,670         61.4     0         1,821,692,670         0         1,821,692,670   

Anil Agarwal Discretionary Trust (the “Trust”)

     1,821,692,670         61.4     0         1,821,692,670         0         1,821,692,670   

Volcan Investments Limited (“Volcan”)

     1,821,692,670         61.4     0         1,821,692,670         0         1,821,692,670   

Vedanta Resources plc (“Vedanta”)

     1,821,692,670         61.4     0         1,821,692,670         0         1,821,692,670   

Vedanta Resources Holdings Limited (“VRHL”)

     1,821,692,670         61.4     0         1,821,692,670         0         1,821,692,670   

Twin Star Holdings Limited (“Twin Star”)

     1,337,611,995         45.1     0         1,337,611,995         0         1,337,611,995   

Vedanta Resources Finance Limited (“VRFL”)

     484,080,675         16.3     0         484,080,675         0         484,080,675   

Vedanta Resources Cyprus Limited (“VRCL”)

     484,080,675         16.3     0         484,080,675         0         484,080,675   

Welter Trading Limited (“Welter”)

     38,241,056         1.3     0         38,241,056         0         38,241,056   

Richter Holding Limited (“Richter”)

     445,839,619         15.0     0         445,839,619         0         445,839,619   

Westglobe Limited (“Westglobe”)

     44,343,139         1.5     0         44,343,139         0         44,343,139   

Finsider International Company Limited (“Finsider”)

     401,496,480         13.5     0         401,496,480         0         401,496,480   

Vedanta is the beneficial owner of 1,821,692,670 Equity Shares, consisting of:

 

  (i) 1,238,319,287 Equity Shares and 24,823,177 American Depository Shares (“ADSs”) representing 99,292,708 underlying Equity Shares held by Twin Star;

 

  (ii) 401,496,480 Equity Shares held by Finsider;


13D

 

CUSIP No. 78413F103   Page 18 of 22 Pages

 

  (iii) 44,343,139 Equity Shares held by Westglobe; and

 

  (iv) 38,241,056 Equity Shares held by Welter Trading Limited.

Volcan is the majority shareholder of Vedanta, which is the sole shareholder of VRHL, which is the sole shareholder of Twin Star and VRFL. VRFL is the sole shareholder of VRCL, which is the sole shareholder of each of Welter and Richter. Richter is the sole shareholder of Westglobe and the majority shareholder of Finsider.

Volcan is wholly owned by the Trust. Conclave is the trustee of the Trust. Mr. Anil Agarwal, the Executive Chairman of Vedanta and protector of the Trust, may be deemed to have beneficial ownership of securities that are beneficially owned by the Trust. Mr. Agarwal disclaims any such beneficial ownership.

None of the other Reporting Persons or Related Persons beneficially owns any Equity Shares except for Mr. Dindayal Jalan who may be deemed the beneficial owners of 2,400 shares of the Issuer held by his wife.

Except as set forth in this Item 5(a)-(b), each of the persons named in this Item 5(a)-(b) disclaims beneficial ownership of any Equity Shares owned beneficially or of record by any other person named in this Item 5(a)-(b).

(c)

From May 20, 2014 through August 12, 2014, Twin Star acquired 93,658,253 Equity Shares in a series of transactions at prices ranging from 245.27 Rs. to 296.30 Rs. in open market transactions on the Bombay Stock Exchange and the National Stock Exchange of India. Details by date, listing the number of Equity Shares acquired and the weighted average price per Equity Security (in Rs.) are provided below. Twin Star undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price for this transaction.

 

Date

   Equity Shares
Acquired
     Weighted Average
Price per Security (Rs.)
 

20 May 2014

     5,906,674         245.27   

21 May 2014

     4,189,444         248.41   

22 May 2014

     4,569,024         258.83   

26 May 2014

     8,684,743         275.69   

27 May 2014

     3,003,193         275.29   

28 May 2014

     6,395,810         275.07   

29 May 2014

     10,125,000         274.31   

30 May 2014

     2,507,761         275.00   

02 June 2014

     2,700,000         279.50   

13 June 2014

     1,450,976         288.96   

16 June 2014

     3,225,000         289.77   

17 June 2014

     1,862,160         292.45   

18 June 2014

     1,182,203         296.07   

19 June 2014

     1,737,344         294.90   

20 June 2014

     1,893,153         291.95   

26 June 2014

     2,910,221         294.26   

27 June 2014

     186,760         289.96   

30 June 2014

     350,000         291.98   

08 July 2014

     3,134,184         296.30   

09 July 2014

     4,753,915         292.77   

10 July 2014

     56,404         291.98   

11 July 2014

     10,465,624         291.36   

14 July 2014

     9,775,592         289.15   

11 Aug 2014

     2,564,713         275.10   

12 Aug 2014

     28,355         274.74   
  

 

 

    

 

 

 

TOTAL

     93,658,253         278.95   
  

 

 

    

 

 

 


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CUSIP No. 78413F103   Page 19 of 22 Pages

 

Except for the transactions disclosed in this Item 5(c), during the past 60 days none of the Reporting Persons or Related Persons has effected any transactions in the Equity Shares.

 

(d) None.

 

(e) Not Applicable.

 

ITEM 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Except as set forth herein, none of the Reporting Persons or Related Persons has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, including but not limited to any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.


13D

 

CUSIP No. 78413F103   Page 20 of 22 Pages

 

Item 7. Materials to be Filed as Exhibits

 

Exhibit
Number
   Description
1    Joint Filing Agreement.


13D

 

CUSIP No. 78413F103   Page 21 of 22 Pages

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: September 3, 2014

 

VEDANTA RESOURCES PLC
By:  

/s/ Thomas Albanese

Name:   Thomas Albanese
Title:   Chief Executive
VEDANTA RESOURCES HOLDINGS LIMITED
By:  

/s/ Thomas Albanese

Name:   Thomas Albanese
Title:   Director
TWIN STAR HOLDINGS LIMITED
By:  

/s/ Mohammad Akhtar Janally

Name:   Mohammad Akhtar Janally
Title:   Director
VOLCAN INVESTMENTS LIMITED
By:  

/s/ E. Isaac Collie

Name:   E. Isaac Collie
Title:   Director
ANIL AGARWAL DISCRETIONARY TRUST
By:  

/s/ E. Isaac Collie

Name:   E. Isaac Collie
Title:   Trustee


13D

 

CUSIP No. 78413F103   Page 22 of 22 Pages

 

CONCLAVE PTC LIMITED
By:  

/s/ E. Isaac Collie

Name:   E. Isaac Collie
Title:   Director
FINSIDER INTERNATIONAL COMPANY LIMITED
By:  

/s/ Deepak Kumar

Name:   Deepak Kumar
Title:   Director
WESTGLOBE LIMITED
By:  

/s/ Mohammad Akhtar Janally

Name:   Mohammad Akhtar Janally
Title:   Director
RICHTER HOLDING LIMITED
By:  

/s/ Deepak Kumar

Name:   Deepak Kumar
Title:   Director
VEDANTA RESOURCES CYPRUS LIMITED
By:  

/s/ Deepak Kumar

Name:   Deepak Kumar
Title:   Director
VEDANTA RESOURCES FINANCE LIMITED
By:  

/s/ Deepak Kumar

Name:   Deepak Kumar
Title:   Director
ANIL AGARWAL
By:  

/s/ Anil Agarwal


ANNEX A

 

Name/Title

  

Present Principal Occupation

  

Citizenship

Mr. Anil Agarwal   

Executive Chairman, Vedanta Resources plc

 

Director, Conclave

   Republic of India
Mr. Navin Agarwal   

Deputy Executive Chairman, Vedanta Resources plc

 

Director, VRHL

   Republic of India
Mr. Thomas Albanese   

Chief Executive Officer, Vedanta Resources plc

 

Director, VRHL

   United States of America
Mr. Aman Mehta    Non-Executive Director, Vedanta Resources plc    Republic of India
Mr. Euan Macdonald   

Non-Executive Director, Vedanta Resources plc

 

Director, Finsider

   United Kingdom
Mr. Geoffrey Green    Non-Executive Director, Vedanta Resources plc    United Kingdom
Mr. Deepak Parekh    Non-Executive Director, Vedanta Resources plc    Republic of India
Ms. Katya Zotova    Non-Executive Director, Vedanta Resources plc    Netherland
Mr. Gyaneshwarnath Gowrea   

Director, Twin Star

 

Director, Westglobe

   Mauritius
Mr. Mohammad Akhtar Janally   

Director, Twin Star

 

Director, Westglobe

   Mauritius
Mr. Dwarkaprasad Agarwal   

Director, Volcan

 

Director, Conclave

   United Kingdom
Mr. E. Isaac Collie   

Director, Conclave

 

Director, Volcan

   Bahamas
M/s Elco (Secretary) Limited    Director (Corporate), Volcan    Bahamas
Mrs. Kiran Agarwal    Director, Conclave    Republic of India
Mr. Dindayal Jalan    Director, VRFL    Republic of India
Mr. Deepak Kumar   

Director, VRFL

 

Director, VRCL

 

Director, Richter

 

Director, Finsider

   United Kingdom
Mr. Kyriacos th. Michaelides   

Director, VRCL

 

Director, Richter

   Cyprus
Ms. Christiana K Michaelides   

Director, VRCL

 

Director, Richter

   Cyprus
Mr. Alexis Tsielepis    Director, Welter    Cyprus
Ms. Popi Savva    Director, Welter    Cyprus
Mr. H. N. Maskara    Director, Westglobe    United Kingdom