Viceroy calls semiconductor unit of Vedanta a 'sham op'
Viceroy Research has accused Anil Agarwal's Vedanta Group of operating its semiconductor unit as a "sham commodities trading operation" to evade NBFC classification. This alleged scheme facilitated Vedanta Ltd's remittance of brand fees to its parent company during a liquidity crisis. Vedanta has refuted these allegations, asserting that all activities of its semiconductor unit are transparent and compliant with regulations.
Viceroy Research has accused Anil Agarwal's Vedanta Group of operating its semiconductor unit as a "sham commodities trading operation" to evade NBFC classification. This alleged scheme facilitated Vedanta Ltd's remittance of brand fees to its parent company during a liquidity crisis. Vedanta has refuted these allegations, asserting that all activities of its semiconductor unit are transparent and compliant with regulations.
