Vedanta shares slide upto 8% after US-based short seller labels Group a ‘Ponzi Scheme’

Shares of Vedanta Ltd plunged as much as 8% intraday on July 9, before paring some losses, after US-based short seller Viceroy Research issued a scathing report on its parent Vedanta Resources. The note called the group “financially unsustainable, operationally compromised, and resembling a Ponzi scheme.” At the time of writing, Vedanta shares were trading […]