Vedanta used chip unit for ₹2,500-cr loan amid liquidity crisis: Report
US short seller Viceroy Research alleged that Vedanta Ltd subsidiary, Vedanta Semiconductors, is a sham commodities trading operation designed to avoid classification as an NBFC. It claimed that Vedanta routed a ₹2,500-crore loan through Vedanta Semiconductors to manage liquidity crisis in 2024. Vedanta Semiconductors reports no income or activity related to semiconductor manufacturing, it added.