Viceroy Research's report on the Vedanta group lacks credibility, former chief justice of India DY Chandrachud said on Friday, referring to the short-seller's reports on the group over the past few days.
"Viceroy has a track record of taking short positions in listed companies and then publishing misleading reports to profit unlawfully from the resulting market impact," Chandrachud said in a report. ET has seen a copy of this report.
The Vedanta group had sought his opinion after the US-based short seller has published a series of reports against the group, terming Vedanta Resources a 'parasite' company, apart from pointing out several other alleged irregularities.
"Viceroy has a track record of taking short positions in listed companies and then publishing misleading reports to profit unlawfully from the resulting market impact," Chandrachud said in a report. ET has seen a copy of this report.
The Vedanta group had sought his opinion after the US-based short seller has published a series of reports against the group, terming Vedanta Resources a 'parasite' company, apart from pointing out several other alleged irregularities.
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