The Enforcement Directorate conducted coordinated searches at Vedanta Group premises in Delhi, Mumbai, and Rajasthan.
:The investigation falls under the civil provisions of the Foreign Exchange Management Act (FEMA).
:Probes are reportedly focused on cross-border transactions, specifically a 2023 brand fee refund from Vedanta Resources.
Vedanta shares initially dropped over 4% intraday before seeing a partial recovery as the company pledged full cooperation.
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