Vedanta CEO dismissed Viceroy Research report at AGM, stating it contained no new findings and only compiled partial, publicly available information.
The report released by Viceroy Research a day before the AGM claimed Vedanta's group structure was 'financially unsustainable' and posed a 'material risk' to its creditors.
Vedanta has been actively reducing debt over the past three years and plans to invest ₹50,000 crore in the next 3–4 years with projects targeting an internal rate of return of 18%.
Chairman Anil Agarwal outlined Vedanta's 3D strategy of Demerger, Diversification, and Deleveraging to enable the company to double in size and unlock maximum value for stakeholders.