Vedanta Fixes Document Date for Interim Dividend; Key Issues Traders Ought to Know

Vedanta Share Value: Anil Agarwal-led Vedanta Group knowledgeable on Thursday that the corporate’s board of administrators will contemplate the proposal for fee of the third interim dividend for the monetary 12 months 2022-23 within the assembly to be held on November 22, 2022.

As per the submitting with the exchanges, “Pursuant to Regulation 29 of Itemizing Laws, Discover is hereby provided that the Board of Administrators of the Firm (the “Board”) on Tuesday, November 22, 2022, will contemplate and approve Third Interim Dividend on fairness shares, if any, for the Monetary 12 months 2022-23.”

The corporate mentioned the file date for the aim of figuring out the entitlement of the fairness shareholders for the mentioned dividend, if declared, is being mounted as Wednesday, 30 November, 2022.

Additional, the buying and selling window shall proceed to stay closed for dealing in securities of the corporate for all designated individuals from Friday, 18 November, 2022 to Thursday, 24 November, 2022, Vedanta mentioned.

Vedanta’s board had introduced the primary interim dividend of Rs 31.5 per fairness share i.e. 3,150 per cent of the face worth of Re 1 per share for the monetary 12 months 2022-23, which was paid in Could 2022.

The corporate had in July paid Rs 19.50 per fairness share because the second interim dividend for fiscal 2022-23, amounting to Rs 7,250 crore.

Shares of Vedanta on Thursday closed over 1.5 per cent increased to Rs 307.2 per share on the BSE as in comparison with 0.4 per cent fall within the S&P BSE Sensex.

Earlier, Vedanta’s subsidiary Hindustan Zinc had additionally mounted the file date for the fee of second interim dividend for the monetary 12 months 2022-23.

“The Board of Administrators of the Firm on Wednesday, November 16, 2022, authorized second interim dividend of Rs. 15.50 per fairness share that’s 775 per cent on face worth of Rs. 2/- per share for the Monetary 12 months 2022- 23 amounting to Rs. 6549.24 Crores,” the corporate mentioned in its submitting.

“The Document date for eligibility of second interim dividend, if any, so declared will probably be Thursday, November 24, 2022,” the corporate mentioned within the submitting.

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