Vedanta vs Viceroy Analysis: American Quick Vendor Viceroy Analysis has made some other main accusation at the Vedanta Team of Mining veteran Anil Aggarwal. The analysis company claims that Anil Aggarwal -led Vedanta Team’s semiconductor unit was once if truth be told no production trade, however a ‘Shell Commodity Buying and selling Operation’. It was once intentionally designed to offer protection to non-banking monetary corporate (NBFC) class. Alternatively, Vedanta has termed those allegations as baseless.
Plan made for logo charges Treatments?
Viceroy Analysis claims that Vedanta Restricted The subsidiary vedanta semiconductor was once a part of a specific scheme. Via this, in April 2025, Vedanta Restricted despatched logo charges to his father or mother corporate Vedanta Assets. That too at a time when there was once an enormous liquidity disaster at the team.
Cleansing Vedanta, the whole lot throughout the purview of regulation
Vedanta Team spokesperson has described all of the allegations of Viceroy Analysis in a commentary as baseless. The spokesperson mentioned, “The allegations associated with Vedanta SemiconduConductors PVT LTD (VSPL) are totally baseless. All VSPL trade actions had been clear and are completely right kind in keeping with prison requirements.”
Looking to save VSPL from NBFC class?
On the identical time, Viceroy claims, “VSPL is a showy commodity buying and selling unit, which was once geared toward heading off falling within the class of NBFC. It was once a scheme that is helping Vedanta Restricted to recreate logo charges, whilst the corporate was once suffering with monetary disaster.”
The file mentioned that the truth of this operation was once to be hidden from Indian regulators for the following 24 months, in order that the corporate may pay off its offshore lenders and conceal the monetary disaster of April 2024.
Buying and selling, however no longer semiconductor!
In step with Viceroy, “Vedanta Restricted was once re-activated when Vedanta Restricted was once in disaster in April 2024. However, no longer for semiconductor manufacturing, however as a zero-margin buying and selling corporate, which was once simply doing paper buying and selling (eg Copper, Silver, Gold).”
The file claimed that VSPL raised 10 according to cent NCDs in INR from offshore lenders, which have been safe in opposition to Vedanta Ltd’s stake in Hindustan Zinc Restricted (HZL). Later, this quantity was once given to Vedanta Restricted as a mortgage at 12 according to cent rate of interest.
Plan to cover mortgage cost?
Viceroy alleges that VSPL needs to run this mortgage until FY27 thru a pretend operation. If the regulatory interference right through this time, the lenders might endure heavy losses.
Vedanta’s response once more
Alternatively, Anil Aggarwal’s Vedanta reiterated, “Lone transactions between VSPL and Vedanta Ltd are totally in keeping with the regulation. All main points similar to mortgage stipulations, rates of interest and ensure had been reported transparently.”
Viceroy: Now not gained the solution to the questions?
American quick vendor Viceroy says that Vedanta persisted to mention that the file didn’t touch the info earlier than, however the questions raised from July 9 have no longer gained any solution but. He claims, “If the corporate can push aside the file so speedy, why so prolong in responding?”
When did this controversy get started
In truth, American quick vendor Viceroy Analysis took a brief place at the debt of Vedanta Assets on 9 July. He had alleged that the British company was once casting off a systematically fund from its Indian unit. Even then Vedanta described the file as ‘a mixture of fallacious info and unfounded allegations’.