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Business
ED Seeks Vedanta: Delhi and Rajasthan Searches in FEMA Probe, Shares Drop 2%
✍️ Goodreturns
🗓 02 Aug 2026, 09:34 PM
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The Enforcement Directorate carried out search operations in Delhi and Rajasthan as part of a FEMA investigation into Vedanta, causing the company's shares to fall about 2%.
The Enforcement Directorate (ED) announced that it had conducted search operations in multiple locations across Delhi and Rajasthan on Thursday as part of a foreign exchange (FEMA) probe involving the mining conglomerate Vedanta.
The search was reportedly carried out at corporate offices and other premises linked to the company. The move follows earlier allegations that Vedanta may have violated foreign investment norms under the Foreign Exchange Management Act.
In the wake of the announcement, Vedanta’s shares on the National Stock Exchange slid roughly 2%, reflecting investor concern over the potential impact of the investigation. Market analysts say the fall is likely a short‑term reaction, but the ED’s action underscores the regulator’s focus on enforcing compliance with foreign investment rules.
The search was reportedly carried out at corporate offices and other premises linked to the company. The move follows earlier allegations that Vedanta may have violated foreign investment norms under the Foreign Exchange Management Act.
In the wake of the announcement, Vedanta’s shares on the National Stock Exchange slid roughly 2%, reflecting investor concern over the potential impact of the investigation. Market analysts say the fall is likely a short‑term reaction, but the ED’s action underscores the regulator’s focus on enforcing compliance with foreign investment rules.