Vedanta Group has issued a strong rebuttal to the recent report by Viceroy, calling the allegations “baseless and malicious.” The company said the report is a misleading attempt to discredit the group and influence market sentiment.
In an official statement, Vedanta said the report is a “malicious combination of selective misinformation and baseless allegations,” designed to create false propaganda. The group emphasized that Viceroy made no effort to contact them before releasing the document and accused the short-seller of sensationalizing publicly available data for financial gain.
“The timing of the report is suspect and appears aimed at undermining upcoming corporate initiatives,” the spokesperson said. Vedanta also pointed out that the authors included disclaimers on page 7 of the report, stating the content is only their opinion and not fact-based—indicating a lack of accountability.
The company reassured stakeholders that it remains committed to business growth and urged investors not to be swayed by unsubstantiated claims. “Our stakeholders are discerning enough to see through such tactics,” the spokesperson added.
Vedanta concluded by urging the public and markets to avoid speculation and focus on verified information, reiterating its confidence in its operations and future plans.
