Baseless and malicious: Vedanta slams Viceroy report, says claims ‘meant to discredit' the group
Synopsis Vedanta Group has refuted the Viceroy Research report, labeling its claims as unfounded and deliberately malicious, designed to tarnish the Group's reputation. Vedanta asserts the report, released without any prior contact, aims to spread misinformation and capitalize on market reactions. The Group suspects the report's timing is intended to disrupt upcoming corporate endeavors. Vedanta Group on Wednesday dismissed the allegations made in the Viceroy Research report, calling them 'baseless' and 'malicious,' to discredit the Group.
ADVERTISEMENT Following the short-seller's report, Vedanta issued a statement to the stock exchanges, alleging that the report was published without any attempt to contact the company and with the sole objective of creating false propaganda.The Viceroy research group report on Vedanta – Limited Resources, published on 09 July 2025, is a malicious combination of selective misinformation and baseless allegations to discredit the Group. It has been issued without making any attempt to contact us with the sole objective creating false propaganda. It only contains compilation of various information - which is already in the public domain, but the authors have tried to sensationalise the context to profiteer from market reaction.
The timing of the report is suspect and could be to undermine the forthcoming corporate initiatives. Our stakeholders are discerning enough to understand such tactics. In fact, to avoid any responsibility – authors of the report have added various disclaimers that the report has been prepared for educational purposes only and expresses their opinions and are not statements of fact (page 7). We remain focused on the business and growth, and request everyone to avoid speculation and unsubstantiated allegations.More to come...
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