Vedanta share price crashed almost 8% in intraday deals on Wednesday, July 9, following a report by Viceroy Research that said it is short the debt stack of Vedanta Resources, the heavily indebted parent and majority owner of the Indian listed company.
Viceroy Research said that the entire group structure is “financially unsustainable, operationally compromised, and poses a severe, under-appreciated risk to creditors”.
