The Delhi High Court has allowed Vedanta to proceed with deductions from its revenue share in the Mangala, Bhagyam, and Aishwariya fields, dismissing the Centre's appeal
The allegations place the next move squarely in the government's court, raising questions around Vedanta's compliance with its contractual obligations and governance standards in managing a company
Chairman vows transparency after US short-seller's allegations
Vedanta Chairman Anil Agarwal unveils a 3D strategy - demerger, diversification, deleveraging - to double the company's size and unlock value, aiming to create $100-billion businesses across sectors
Shares of Vedanta tanked up to 8 per cent in Wednesday's intra-day trade on the BSE amid heavy volumes, after Viceroy Research's report.
Anil Agarwal-led Vedanta group rejected the allegations, calling the report "a malicious combination of selective misinformation and baseless allegations"
The US-based research firm Viceroy Research has turned short on Vedanta Resources, as it found the group's financial structure unsustainable and operationally compromised.
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Vedanta posts strong quarterly performance with record alumina and ferro chrome production, higher zinc output, and operational gains across key metals and power businesses
At 11:48 AM; Nifty Metal index, top gainer among sectoral indices, was up 1.4 per cent, as compared to 0.2 per cent decline in the Nifty 50.
Vedanta's plea to demerge into four distinct entities is listed for final approval before the NCLT on Wednesday; stock rises 1.1 per cent ahead of the tribunal's decision
Vedanta share price was up over 2 per cent after the company inked facility agreement with Twin Star Holdings and Welter Trading
At 02:49 PM; Nifty Metal index was the top gainer among sectoral indices, up 2.2 per cent, as compared to 1 per cent rise in the Nifty 50.