Enforcement Directorate officials visited offices of mining conglomerate Vedanta Limited and its subsidiary Hindustan Zinc Limited. The companies confirmed the visits to stock exchanges. Vedanta stated it is cooperating fully with the authorities. The nature and purpose of the inquiry were not disclosed. This development involves two major Indian companies.

ED conducts searches on Vedanta Group amid ongoing FEMA violation investigation; official statement pending.

Enforcement Directorate conducts searches on Vedanta Group amid ongoing FEMA violation investigation in New Delhi.

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…

ED conducts FEMA searches on Vedanta Group; the company pledges full cooperation with authorities during the investigation.