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Image Credit: Bloomberg Quint

Vedanta Calls Viceroy Report ‘Malicious... Baseless Allegations’ — Read Full Statement

  • 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.

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