Vedanta shares rise 2%; here’s why
For the first time, Hindustan Zinc has paid a royalty of 1.7% of the annual revenue to Vedanta, which will be used by parent, Vedanta Resources, to pare some of its debt.
For the first time, Hindustan Zinc has paid a royalty of 1.7% of the annual revenue to Vedanta, which will be used by parent, Vedanta Resources, to pare some of its debt.
In FY23, Vedanta declared a total dividend of ₹101.50 per share, which amounted to ₹37,730 crore, the highest ever by Anil Agarwal-led mining firm
The NCDs will be issued on a private placement basis, says Vedanta
The dividend payout by Vedanta for fiscal 2023 will be more than ₹40,000 crore, including the recent dividend announced by Hindustan Zinc, says Crisil.
Vedanta board approves the fourth interim dividend of ₹12.50 per equity share for FY23 amounting to ₹4,647 crore.
Vedanta’s total payout to stand at ₹7,250 cr; Vedanta says it’ll distribute a minimum of 30% of attributable profit as a dividend
The rise in Vedanta shares came after the company’s board approved the third interim dividend of ₹13 per share for the current financial year.