<ul data-eligibleForWebStory="false"><li>Shortseller Viceroy Research has accused Vedanta Resources of unsustainable debt practices and financial mismanagement.</li><li>Viceroy Research alleges that Vedanta Resources, the parent company of Vedanta Ltd, relies on extracting cash from its subsidiary to meet its own obligations.</li><li>The report by Viceroy claimed Vedanta has increased leverage, weakened collateral value, and resembles a Ponzi scheme, leading to a sharp decline in Vedanta shares.</li><li>Viceroy listed concerns such as diverted capital, inflated asset values, questionable auditor choices, and criticized Vedanta's demerger plan.</li></ul>

Vedanta Resources Debt Shorted By Viceroy Research, Alleges Financial Mismanagement

Discover more