If even half of that is accurate, that is concerning. Viceroy brought up the inter-company debt cycle and cash flow recycling, which seem like major governance red flags. Before taking any action, investors should wait for regulatory scrutiny and auditor reactions.
2 Likes
Just wild guessing without looking at any data - maybe market already knows promoters are crooks and had priced it as best as possible for that. And now that this is coming out, maybe it will be put to a stop. Money wont easily be taken out by promoters and that’s good for the company. The debt issue is at the parent company.
Unexplained trends often move well in my limited experience and from what i heard too.
2 Likes
Now they exposed that even the display business is a failure, Avanstrate has generated persistent losses, consumed shareholder capital, and ultimately left Vedanta holding a structurally insolvent business with no commercial future.
All these years, the dark side has been hidden by the group, and it is still taking so long to get the market cleaned.
2 Likes
Creditors won’t approve Vedanta acquiring JAL, I’m not surprised that Adani will take it eventually
1 Like
Funding is a lie? IPO is a smoke screen. New way to create a shell entity, now in the US. 
1 Like
The 2% increase today is on a lie???
1 Like
1 Like
ESL debt is used to pay the parent level debt, classic Vedanta resources again, sucking subsidiaries, is that why the shares are falling today?
It’s the UK company that needs to stop stealing
Now everyone has been waiting for the demerger to happen, but less attention on this zinc mine now. It’s a cash burning mining asset, and they said they don’t have enough money to fund it.
Blockquote VRL defaults on its obligation to VEDL and breaches conditions of its $80m Maharashtra loan. Alternatively, VEDL must accept to modify this loan so that VRL, its immediate parent, can invest in a dumpster-fire Zambian copper mine which VEDL has no interest in, and VRL intends to list on a US stock exchange at $25b (not satire). This may work, given that VEDL’s shareholders appear largely spineless and happily allow management to loot VEDL as they see fit. VRL admits its KCM venture is a total disaster, and that its PR-machine manufactured a ridiculous story to dupe lenders. VEDL is made whole but VRL will lose KCM.
Stop taking money from India
2 Likes