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Is Vedanta a fraud scheme or the next Multibagger share? Vedanta, the country’s well-known mining company, is once again in the headlines. Recently, Viceroy Research released a serious 87 -page report on the company’s Financial Health stating that there is a huge debt on the Vedanta Group and its financial situation is weak. The report also claimed that the Vedanta Resources is constantly withdrawing money from the Vedanta Limited, threatening the creditors. But on the very next day of this report, Vedanta was agm, where Chairman Anil Agarwal introduced a big vision – to double the vedanta according to the valuation. He described the company’s 3D Strategy – Demerger, Diversification and Deleveraaging (debt cut) as its basis. Not only this, Vedanta has also crossed the Revenue of ₹ 1.5 lakh crore for the first time and the company’s debt has come down to ₹ 53,000 crore in 5 years. So is this report a plot like another Hindenburg or really alarm bell? Know the full story in this video.
