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Viceroy calls Vedanta chip unit a ₹2,500-cr sham; co says baseless
Hindustan Times Patna
|July 21, 2025
Continuing its tirade against mining Moghul Anil Agarwal’s Vedanta group, US-based Viceroy Research has alleged that the group's semiconductor unit was a “sham commodities trading operation”, designed to avoid classification as an NBFC, a charge the mining conglomerate dismissed as baseless.
US short seller Viceroy Research, which last week published a scathing report about Vedanta Group and followed it with similar reports on group companies, in fresh allegations said Vedanta Ltd’s subsidiary, Vedanta Semiconductors Pvt Ltd, was part of a scheme to allow the Mumbai-listed firm to remit brand fees to parent Vedanta Resources in April this year, when it faced a severe liquidity
This story is from the July 21, 2025 edition of Hindustan Times Patna.
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