India's Vedanta drops on Viceroy's short call on parent's debt stack

Hindustan Zinc

09/07/2025 08:11

Updates

** Vedanta VDAN.NS drops 4.7% to 435 rupees; stock top drag on metals index .NIFTYMET, which is down 2%

** Shortseller Viceroy says it has shorted the debt stack of Vedanta Resources, VDAN's UK-based parent

** Vedanta did not immediately respond to Reuters' request for comment

** Co's zinc mining unit Hindustan Zinc HZNC.NS down 3.2%

** Vedanta Resources is "systematically draining" Vedanta, Viceroy says

** YTD, VDAN down 2.3% vs NIFTYMET's 8% climb

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))