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.