Vedanta and Hindustan Zinc shares plummeted following a Viceroy Research report alleging financial discrepancies within the Vedanta Group. The report likened Vedanta Resources to a Ponzi scheme, claiming it extracts cash from Vedanta Limited, posing risks to creditors. Viceroy asserts the group’s structure is unsustainable and operationally compromised.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets