<ul data-eligibleForWebStory="false"><li>Viceroy Research flags Vedanta Resources Limited's 'Ponzi-like' structure, accusing it of draining cash from its subsidiary to service debt.</li><li>Allegations include capex fraud, inflated asset values, and high interest-bearing liabilities totaling around $15.7 billion.</li><li>Viceroy criticizes Vedanta's demerger strategy, warning of the risk of insolvency without radical restructuring.</li><li>Intraday decline in Vedanta's stock price amidst genuine investor interest; Company responds, terming the report sensationalist.</li></ul>

Vedanta shares slide 3.6% as Viceroy Research flags ‘Ponzi-like’ structure

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