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Vedanta Shares End Over 3% Lower After US Short Seller Report
The Business Guardian
|July 10, 2025
Shares of Vedanta Ltd ended over 3 per cent lower on Wednesday after US short seller Viceroy Research released a report charging billionaire Anil Agarwal's mining conglomerate to be "financially unsustainable" and posing a severe risk to creditors.
The stock tanked 7.71 per cent to Rs 421 in intra-day trade on the BSE. Later, it recovered most of the lost ground and ended at Rs 440.80, down 3.38 per cent.
On the NSE, the stock ended 3.28 per cent down at Rs 441.30 after dropping 7.81 per cent to Rs 420.65 in intra-day.
The company's market valuation eroded by Rs 6,021.99 crore to Rs 1,72,369.91 crore.
This story is from the July 10, 2025 edition of The Business Guardian.
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