Kyma Capital alleges 'siphoning of funds' by Vedanta to its London parent

Mumbai: London-based Kyma Capital, a minority shareholder in Vedanta Ltd has asked the board of the Anil Agarwal company to recall loans amounting to $956 million from its parent and sought a “special audit” by a “big four” firm.Terming it a clear-cut case of “siphoning of funds and value” that belongs to Vedanta Ltd and its stakeholders, the hedge fund alleged that the board seemed to have been “sleeping at the wheel” when related party