Vedanta to Consider Legal Action Against Viceroy Research

Vedanta, a big company, might sue a research firm called Viceroy.

Viceroy wrote a report saying Vedanta wasn't managing its money well.

However, a former top judge, Justice Chandrachud, said Viceroy's report isn't reliable because of the firm's past, the lack of expertise of its researchers, and when it released the report.

Justice Chandrachud thinks Vedanta can take legal action because Viceroy’s report could be seen as defaming Vedanta.

The report was published around the same time that Vedanta was refinancing its loans and planning to split into different businesses.

This made it look like Viceroy was trying to manipulate the stock market to profit from it.