As per PTI news report, The Enforcement Directorate (ED) has initiated a probe into potential foreign exchange violations by the Anil Agarwal-led Vedanta Group.
This investigation, under the Foreign Exchange Management Act (FEMA), has prompted searches across several locations connected to Vedanta Ltd.
Authorities from the ED commenced searches at Vedanta premises located in Delhi, Mumbai, and Udaipur on June 1, 2026.
This action is part of a larger investigation under FEMA, examining foreign exchange transactions conducted by the company.
A focal point is a 2023 transaction where Vedanta Resources, the London-based parent company, issued a partial refund of brand fees to its subsidiary, Vedanta Ltd.
Vedanta's spokesperson confirmed the investigations, stating that the company is cooperating fully with the authorities and providing all necessary documents and information.
"The company remains committed to compliance with all applicable laws and regulations," the spokesperson added, refraining from further comments due to the ongoing regulatory proceedings.
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Vedanta Ltd is a significant global player in the production of metals, critical minerals, and technology. Its operations span across India, Africa, the Middle East, and East Asia.
Recently, the company’s board approved a demerger plan, which will list its operations under 4 distinct entities: Vedanta Aluminium Metal Limited, Talwandi Sabo Power Ltd, Malco Energy Ltd, and Vedanta Iron and Steel Limited.
As of June 03, 2026, at 12:30 PM, Vedanta share price on NSE was trading at ₹328.20 down by 1.60% from the previous closing price.
The ED's investigation into Vedanta Group's foreign exchange practices underlines the importance of strict compliance with FEMA. The outcome of these investigations will provide more clarity on the compliance status of Vedanta in relation to its international transactions.
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Published on: Jun 3, 2026, 1:45 PM IST
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