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Vedanta Under Probe for Potential FEMA Violations
June 3, 2026
Vedanta Ltd’s premises were searched yesterday by India’s Enforcement Directorate (ED) as part of a probe under the Foreign Exchange Management Act (FEMA), officials confirmed. The searches are linked to a probe into the royalty payment that Vedanta Ltd. made to its parent company, Vedanta Resources. The searches are being conducted at Vedanta offices in Mumbai and Delhi. In response, a Vedanta spokesperson said the company is extending full cooperation to authorities and providing all requested information, while reaffirming its commitment to comply with applicable laws. The company declined to comment further, citing the ongoing regulatory process.
Vedanta’s dollar bonds traded marginally weaker. Its 9.85% 2033s were down 0.1 points to 109.4, yielding 6.6%
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