Vedanta Group has refuted a report by Viceroy Research, labeling it as a mix of selective misinformation and baseless accusations designed to harm the group's reputation.
The company criticized the report for not seeking a response from Vedanta before publication and claimed it distorted publicly available information to manipulate market sentiment.
Vedanta suggested that the timing of the report, just before its annual general meeting, raises suspicions of an attempt to disrupt upcoming corporate initiatives.
Despite the negative impact on its shares following the report, Vedanta emphasized its commitment to business growth and cautioned against making investment decisions based on unverified claims.