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Published: Mar 31, 2023
Updated: Mar 31, 2023
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.
September 30, 2025 - Combined Issue
Industry Review
VOL XVI - 22
September 16-30, 2025
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