More to digest.
1 Like
Check my new topic here, deep dive everyday when there is an update
1 Like
2 Likes
there are hundreds of companies that don’t play by the rules in the us. it’s worse outside. it’s everywhere, not just here. i’m not saying the article is wrong (or right), it’s just that what you show to the world is what you see.
The best part of this group is all of their acts are done openly since the delisting episode but nobody really cares.
One prominent commentator had said during delisting “This stock is not for retail investors, but retail investors are in because of the dividend they pay out”
There was one user in this forum, forgot who, who said that he/she recovered the entire principal amount invested just by the dividends. He was not perturbed like me when the delisting was announced and stayed put. I ended up selling and lost money. Delisting failed ultimately.
2 Likes
2 Likes
They need to stop stealing money, the short seller said they sent letters to the government and SEBI, now that GoI and regulators definitely have looked into these companies and transactions. Hopefully we get responses soon.
1 Like
Big development today in the Vedanta story. Viceroy has officially submitted a detailed letter to SEBI, urging the regulator to investigate what they describe as a “systematic looting” of Vedanta Limited and Hindustan Zinc Ltd by their UK-based parent, Vedanta Resources Ltd.
The letter outlines the previous allegations like inflated asset values, off-balance sheet liabilities, and related-party transactions through entities. Viceroy claims these structures have been used to extract billions from Indian public companies, including those with government ownership.
If SEBI takes this up seriously and quickly, it could be a turning point for the story! Stay alert, Vedanta vs Viceroy, truth to be revealed.
4 Likes
Well, we have seen many financial criminals/fraudsters in India turn fugitive and run straight to UK (London) to seek refuge. Since Anil Agarwal and his family already reside in London, guess they don’t have to run anywhere if proven guilty of any fraud/financial shenanigans. (Which seems close, yet so far)
5 Likes
2 Likes
I agree. its truly frustrating and sorry to hear about the losses you faced especially during that delisting thing. your point about mng. integrity is spot on, thats a painful but crucial lesson many of us have learned.
My earlier point which I’ve (also) discussed elsewhere really boils down to like why does it often take a shortseller to blow the whistle on these situations? there are so many companies both in India and globally that operate with questionable practices (i mean many) and it feels like the spotlight only hits them when it serves a particular agenda. I hve even mentioned examples like boeing where whistleblowers have faced severe consequences. Its hard not to notice a pattern like with the adani hindenburg case that makes one wonder if theres a deep or a concerted effort or state to target certain markets including India. regardless, the core issues with this vedanta as highlighted by viceroy are concerning.
side note for those interested I woudl also recommend checking out @ aravind on twitter or x watever. he gets too excited more often, but the lad’s right most times. heres a way to access x without logging in - https://xcancel.com/aravind (sorry musk)
1 Like
Interesting how “free speech” works on this forum. I posted a one-sentence personal opinion on midcap private sector banks during the IndusInd Bank crisis and the entire thread was hidden by a moderator.
Here you have shills of a short seller persistently trying to create panic and the thread is not hidden.
I didn’t expect more entities like this would be revealed further, I thought enough had been exposed 
1 Like
This seems like a solid proof to me that the brand fee is not legitimate
Sebi chairman confirmed investigation on Vedanta. Sebi is on it now finally
3 Likes
3 Likes
2 Likes