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Vedanta Denies Sham Company Charge After Viceroy's Latest Report
The Business Guardian
|July 21, 2025
Continuing its tirade against mining mogul 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
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