promoters

Vedanta Group promoters siphoning income through unique HZL provide deal: Viceroy

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[ad_1] American short-seller Viceroy Analysis on Wednesday stated that the promoters of the Vedanta Group have been “siphoning margins” from listed group firm Hindustan Zinc Ltd (HZL) by supplying commodity items to it at inflated costs on an unique foundation. It alleged that Minova Runaya Pvt. Ltd (Mrpl), a 49% promoter-owned entity, has an unique … Read more

Short-seller Viceroy accuses Vedanta promoters of hidden stake via welfare trust

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[ad_1] The entity under scrutiny is PTC Cables Pvt. Ltd (PTCC), which holds a 1.91% stake in Vedanta Ltd, a company with a market capitalization of ₹1.75 trillion, according to BSE data. PTCC is owned by Bhadram Janhit Shalika Trust (BJST), which Viceroy alleges is controlled by the Agarwal family, founders of the Vedanta Group. … Read more