Economy

Vedanta will pay a Rs 13.50 per share interim dividend for second time

According to the corporation, the record date for dividend payment is December 18, 2021, and the dividend will be paid within the legal limitations.

Vedanta stated on Saturday that its board of directors has approved a second interim dividend of Rs 13.50 per equity share, equal to Rs 5,019 crore, for the fiscal year 2021-22.

“…we desire to tell you that the firm’s Board of Directors has recommended a Second Interim Dividend of Rs 13.50 per equity share, i.e. 1,350 per cent on the face value of Re 1/- per share, equivalent to Rs 5,019 crores for the Financial Year 2021-22,” the business said in a BSE filing.

Vedanta will pay a Rs 13.50 per share interim dividend for second time

According to the corporation, the record date for dividend payments is December 18, 2021, and the payout will be paid within the legal limitations.

The business stated last month that it will appoint a new board of directors to conduct a complete assessment and examine demergers, spin-offs, and strategic partnerships as alternatives for unlocking value and streamlining its corporate structure.

The new board of directors committee will evaluate numerous choices and alternatives and offer recommendations to the Board of Directors.

The company said in a statement that “it is the goal that the Aluminium, Iron & Steel, and Oil & Gas operations would be placed in separate listed organisations, subject to a full evaluation.”

On Friday, Vedanta’s stock increased 0.36 percent to Rs 349.75 on the BSE.

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