Vedanta Fixes Record Date for Interim Dividend; Key Things Investors Should Know

Vedanta Percentage Value: Anil Agarwal-led Vedanta Staff knowledgeable on Thursday that the corporate’s board of administrators will believe the proposal for cost of the 3rd meantime dividend for the monetary yr 2022-23 within the assembly to be hung on November 22, 2022.

As consistent with the submitting with the exchanges, “Pursuant to Legislation 29 of List Rules, Understand is hereby for the reason that the Board of Administrators of the Corporate (the “Board”) on Tuesday, November 22, 2022, will believe and approve 3rd Intervening time Dividend on fairness stocks, if any, for the Monetary 12 months 2022-23.”

The corporate stated the report date for the aim of figuring out the entitlement of the fairness shareholders for the stated 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 stated.

Vedanta’s board had introduced the primary meantime dividend of Rs 31.5 consistent with fairness proportion i.e. 3,150 consistent with cent of the face worth of Re 1 consistent with proportion for the monetary yr 2022-23, which was once paid in Might 2022.

The corporate had in July paid Rs 19.50 consistent with fairness proportion as the second one meantime dividend for fiscal 2022-23, amounting to Rs 7,250 crore.

Stocks of Vedanta on Thursday closed over 1.5 consistent with cent upper to Rs 307.2 consistent with proportion at the BSE as in comparison to 0.4 consistent with cent fall within the S&P BSE Sensex.

Previous, Vedanta’s subsidiary Hindustan Zinc had additionally mounted the report date for the cost of 2d meantime dividend for the monetary yr 2022-23.

“The Board of Administrators of the Corporate on Wednesday, November 16, 2022, authorized 2d meantime dividend of Rs. 15.50 consistent with fairness proportion this is 775 consistent with cent on face worth of Rs. 2/- consistent with proportion for the Monetary 12 months 2022- 23 amounting to Rs. 6549.24 Crores,” the corporate stated in its submitting.

“The Document date for eligibility of 2d meantime dividend, if any, so declared will likely be Thursday, November 24, 2022,” the corporate stated within the submitting.

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