Market News
Vedanta board to consider 4th interim dividend on Oct 8
2 min read | Updated on September 26, 2024, 09:57 IST
SUMMARY
Vedanta Ltd plans to meet on October 8 to discuss its fourth interim dividend for 2024-25, with a record date set for October 16. The company has approved total dividends of ₹13,474 crore for the fiscal year, aiming to reduce debt.
Stock list
On September 2, the company's board approved the third interim dividend of Rs 20 per share for the current financial year
The record date for the purpose of determining the entitlement of the equity shareholders for the fourth dividend, if declared, is being fixed as October 16, 2024, the mining conglomerate said in an exchange filing. So far, the Anil Agarwal-led entity has approved a total dividend of ₹13,474 crore for 2024-25.
On September 2, the company's board approved the third interim dividend of ₹20 per share for the current financial year, taking the total dividend payout for FY'25 to ₹13,474 crore.
Vedanta fixed September 10 as the date for the purpose of payment of dividend.
Earlier, the board on July 26 had approved the second interim dividend of ₹4 per equity share for 2024-25 amounting to ₹1,564 crore. On May 16, the company had approved the first interim dividend of ₹11 per equity share for FY'25 amounting to ₹4,089 crore.
During 2023-24 in total, Vedanta had declared a total interim dividend of ₹29.5 per share, amounting to ₹10,966 crore for shareholders.
Vedanta Resources, the parent firm of Vedanta Ltd, does not foresee a rollover of its loans and plans to deleverage as much as $3 billion debt over the next three years.
About The Author
Next Story
