Vedanta to raise ₹2,500 cr via debt securities; stock hits 52-week high
Anil Agarwal-led company had raised ₹3,400 cr via non-convertible debentures in December 2023, too, taking its debt up to ₹62,493 cr as of Q3 FY24
Anil Agarwal-led company had raised ₹3,400 cr via non-convertible debentures in December 2023, too, taking its debt up to ₹62,493 cr as of Q3 FY24
Vedanta's gross debt, however, increases by ₹8,031 crore during Q1 to ₹61,140 crore. The mining giant’s dividend payout in Q1 stands at 15.4%
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.