Corporate Grapevine     

Published: Mar 31, 2023
Updated: Mar 31, 2023

Is foreign bear cartel gunning for Vedanta?

After the foreign attack on Adani shares, the Vedanta group is under the lens of a foreign cartel. Vedanta announced that it has already prepaid debt of $ 2 bn in the last 11 months. The group is also in talks to raise $1 bn to buy back government equity in Hindustan Zinc.

The big question now is: Why is Vedanta coming under attack? Insiders say any business group which is planning massive investments in India is targeted by the foreign bear cartel. The idea is to attack the Indian growth story. Vedanta was planning a massive $ 20 bn investment in Gujarat to make semi- conductors with Foxconn, and with its share price under attack it would be difficult for it to go ahead with the project.

February 15, 2025 - First Issue

Industry Review

VOL XVI - 10
February 01-15, 2025

Formerly Fortune India Managing Editor Deven Malkan Assistant Editor A.K. Batha President Bhupendra Shah Circulation Executive Warren Sequeira Art Director Prakash S. Acharekar Graphic Designer Madhukar Thakur Investment Analysis CI Research Bureau Anvicon Research DD Research Bureau Manager (Special Projects) Bhagwan Bhosale Editorial Associates New Delhi Ranjana Arora Bureau Chief Kolkata Anirbahn Chawdhory Gujarat Pranav Brahmbhatt Bureau Cheif Mobile: 098251-49108 Bangalore Jaya Padmanabhan Bureau Chief Chennai S Gururajan Bureau Chief (Tamil Nadu) Ludhiana Ajitkumar Vijh Bhubaneshwar Braja Bandhu Behera

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