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Bloomberg Quint

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Image Credit: Bloomberg Quint

Viceroy Research To Approach SEBI On Vedanta Report | Profit Exclusive

  • Viceroy Research plans to approach SEBI regarding its report on Vedanta Group to seek accountability according to a statement made to NDTV Profit.
  • The report by Viceroy Research accused Vedanta Group of deceptive financial practices, including raising debt through misleading means and damaging minority shareholders.
  • Viceroy Research has shorted the debt stack of Vedanta Group companies and plans to submit its findings to SEBI for investigation.
  • Vedanta Group has denied the allegations, calling the report a malicious combination of baseless claims. Vedanta Ltd shares fell 7% post the report but later recovered slightly.

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