Viceroy Research Shorts Vedanta Resources, Alleges Unsustainable Debt Structure and Governance Failures

Global short-seller Viceroy Research has released a scathing report on Vedanta Resources Ltd (VRL), announcing a short position on the company’s debt stack. The report accuses VRL—the parent of Vedanta Ltd—of operating a financially unsustainable structure that systematically drains its operating subsidiary to service its own mounting liabilities.

 

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Market Reaction:

As of now, Vedanta has not issued a formal response to the allegations.

 

Outlook: The short position and accompanying report have intensified scrutiny on Vedanta’s capital structure and governance. Analysts and investors will closely watch for regulatory responses, rating agency actions, and any counter-statements from the company.

 

Sources: Viceroy Research, Business Upturn, NDTV Profit, Moneycontrol.