Vedanta shares hit 52-week high ahead of board meet for dividend payout, fundraising
The share price of Vedanta has more than doubled from its 52-week low of ₹207.85 touched on September 28, 2023.
The share price of Vedanta has more than doubled from its 52-week low of ₹207.85 touched on September 28, 2023.
Billionaire Anil Agarwal-led firm to demerge its diversified business into six separate listed companies, which will unlock value for its shareholders
The mining company declared fifth interim dividend of ₹20.50 per equity share for the financial year ended March 31, amounting to ₹7,621 crore.
With the fifth dividend, Vedanta’s total outgo for the current fiscal will be ₹101.5 per share, which amount to ₹37,730 crore, the highest ever by the company.
Sumit Deb led the company’s ambitious expansion plans and tapped the post-Covid commodity super cycle.
The miniratna company plans to raise ₹500 crore via debentures or bonds on a private placement basis.
Regulations on the import of non-ferrous metals need to be revisited to empower the domestic market, says Hindustan Zinc CEO Arun Misra.