Vedanta share price crashes 8%

Wednesday, July 9, saw an approximately 8% intraday drop in Vedanta's share price when Viceroy Research, a short-seller, released a report. However, following the company's clarification, the stock ended off lows, down 3.3%. The study revealed that Viceroy is short on VRL's debt stack and highlighted purported financial irregularities at Vedanta Resources (VRL), the massively indebted parent and majority owner of the Indian-listed Vedanta. The entire organization is "financially unsustainable, operationally compromised, and poses a severe, under-appreciated risk to creditors,"