Vedanta to pay Rs 3,324 cr in dividend for FY25
Mumbai: Mining major Vedanta Ltd announced on Monday that its board has approved a fourth interim dividend of Rs 8.5 per equity share for FY25, amounting to Rs 3,324 crore, media reports said.
In a stock exchange filing, the company stated that the record date for the dividend payment is December 24, and it will be paid within the stipulated timeline, reported PTI.
"The board of directors of Vedanta Ltd at its meeting held today i.e. December 16, 2024, has considered and approved the fourth interim dividend of Rs 8.5 per equity share on face value of Rs 1 per equity share for financial year 2024-25," the company said in its filing to the BSE.
In September, Vedanta had declared its third interim dividend of Rs 20 per share. Combined with previous payouts of Rs 11 and Rs 4 per share, the total interim dividend for the current fiscal stands at Rs 43.5 per share.
On December 16, Vedanta's shares reached Rs 526.95 apiece, driven by an extended rally in metals and operational factors.
The company's market capitalisation also surpassed the Rs 2 trillion mark in this financial year.
Vedanta operates across multiple countries in sectors such as oil and gas, zinc, lead, silver, copper, iron ore, steel, and aluminium.
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