Viceroy slams AGM; InGovern defends Vedanta structure

Viceroy Research has criticized Vedanta's annual general meeting. They called it a 'stage-managed' event. Proxy advisor InGovern defended Vedanta's structure. InGovern stated such structures are common in capital-intensive industries. They cited Adani Group, Tata Group, and Reliance Industries as examples. InGovern also cautioned about short-seller reports. They highlighted potential conflicts of interest and regulatory oversight issues.