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Vedanta shares fall after media reports of ED searches at Mumbai, Delhi office
Vedanta shares dipped over 1% following reports of Enforcement Directorate searches at its offices concerning royalty payments to its parent company. This comes after a significant corporate restructuring involving the demerger of several business units. Despite recent rating upgrades, the stock remains under scrutiny.
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newsbytesapp.com
ED raids Vedanta Group offices in FEMA case
The Enforcement Directorate raided Vedanta's Mumbai and Delhi offices, investigating royalty payments to its parent company under the Foreign Exchange Management Act.
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scroll.in
ED searches Vedanta Group’s offices in foreign exchange violations case
While the details of the matter were unclear, the Anil Agarwal-led conglomerate said that it was cooperating with the authorities.
