ED conducts FEMA probe searches at Vedanta Group offices
VEDL · price
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Vedanta clarified to exchanges that the Enforcement Directorate conducted searches at offices of Vedanta Limited and its subsidiary Hindustan Zinc Limited in connection with a FEMA probe. The company said it is fully cooperating with authorities and providing all requested information. Proceedings are underway. The company committed to comply with SEBI Listing Regulations and make further disclosures as needed.
Enforcement action may create short-term pressure on the stock; outcome of the FEMA probe remains uncertain.