Vedanta shares remained in focus after US-based short-seller Viceroy Research criticised the company’s AGM as “stage-managed” and raised concerns about its financial structure. InGovern, a proxy advisory firm, defended Vedanta’s holding model as common in capital-intensive sectors and cautioned investors against short-seller reports, highlighting regulatory gaps allowing offshore entities to bypass SEBI norms.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets