Business News
2 min read | Updated on December 16, 2024, 17:25 IST
SUMMARY
Vedanta share price: Vedanta Ltd has declared its fourth interim dividend of ₹8.5 per share for FY25, amounting to ₹3,324 crore.
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Vedanta has previously announced three interim dividends for the year, with payouts of ₹20, ₹4, and ₹11 per share.
"...the Board of Directors of Vedanta Limited..., at its meeting held today i.e. Monday, December 16, 2024, has considered and approved the Fourth Interim Dividend of ₹ 8.5/- per equity share on face value of ₹ 1/- per equity share for the Financial Year 2024-25 amounting to c. ₹ 3,324 Crores," the company informed in a stock exchange filing.
The fourth interim dividend will be paid to shareholders whose names appear on the company's register as on the record date of December 24, 2024, the company said.
The dividend will be disbursed within the statutory timelines, it added.
The announcement was made following the company’s board meeting held earlier in the day, which concluded at 4:30 pm.
In its latest quarterly results, the Anil Agarwal-led conglomerate posted a consolidated net profit of ₹4,352 crore for the July-September period, reversing a loss of ₹1,783 crore in the same period last year. However, its consolidated income declined marginally to ₹38,934 crore from ₹39,585 crore.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is a global natural resources company with operations spanning India, South Africa, Namibia, Liberia, the UAE, Korea, Taiwan, and Japan. Its portfolio includes oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power, and glass substrates.
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