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Vedanta announces third interim dividend of ₹17.50 per share, record date next week

Billionaire Anil Agarwal-led mining giant Vedanta Group on Tuesday approved its third interim dividend from 17.50 per share or 1750% for fiscal year 2022-23. The filing by the company said it will amount to dividend 6,505 crores.

The registration date for this is set for Wednesday 30 November 2022.

“We would like to inform you that the Board of Directors of the Company, through a resolution passed on Tuesday, November 22, 2022, has approved the third interim dividend of 17.50 per share share or 1750% on the nominal value of Re. 1/- per share for the financial year 2022-23 amounting to c. 6,505 crores,” the company said in a filing filing.

The interim dividend will be paid within the established timeframes as prescribed by law, the mining major said.

The Mumbai-based company paid its first interim dividend of 31.5 per share for FY23 to shareholders in May 2022, followed by the second interim dividend of 19.5 per share to eligible shareholders in July.

Shares of Vedanta settled 0.81% higher 310.40 each on the NSE on Tuesday.

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