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The Economic Times

Debaroti Adhikary

Vedanta, Hindustan Zinc shares fall after metals giant confirms ED visits to offices

ED Vedanta Hindustan Zinc ICRA FEMA Enforcement Directorate Economic Times Vedanta Group

The shares of Vedanta and Hindustan Zinc declined 1% each on Wednesday after the former confirmed in an exchange filing that the Enforcement Directorate team visited some of its offices, confirming news reports.

"We hereby inform that the Enforcement Directorate team visited some offices of our company and Hindustan Zinc, a subsidiary of the company," Vedanta said after stock exchanges sought clarification regarding news reports around ED conducting searches against Vedanta Group in FEMA probe. The Anil Agarwal-led company added that it is fully cooperating with the authorities and providing all requested information.

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