Former chief justice of India Chandrachud says Viceroy report on Vedanta Group lacks credibility

[ad_1] New Delhi, Jul 19 (PTI) US quick vendor Viceroy Analysis’s report on the Vedanta Group “lacks credibility” and the agency can be well-placed to hunt authorized treatments, former chief justice of India D Y Chandrachud has mentioned. Justice Chandrachud’s comment got here after Vedanta sought an unbiased authorized opinion from the previous chief justice … Read more

Vedanta rejects Viceroy Analysis’s ₹2,500 crore mortgage routing declare, says ‘executed in full compliance…’

[ad_1] Mining big Vedanta Ltd rejected Viceroy Analysis’s allegations concerning the firm’s subsidiary Vedanta Semiconductors Pvt. Ltd (VSPL) routing ₹2,500 crore loans in a ‘sham operation’, stating that the mortgage transactions have been executed in full compliance with the relevant legal guidelines, reported the information company PTI on Sunday. Additionally Learn | ‘Vedanta has so … Read more

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

[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

Viceroy’s many hits, few misses

[ad_1] Mumbai/Bengaluru: Thirty months after the shock Hindenburg report on Adani Group, New York-based short-seller Viceroy Research took aim at billionaire Anil Agarwal’s Vedanta Resources Plc, calling his mining and minerals conglomerate a Ponzi scheme. Founded in 2016 by British short-seller Fraser John Perring along with Gabriel Bernarde and Aiden Lau, Viceroy calls itself an … Read more