Vedanta The Board of Directors of Ltd has approved the issue of a provisional dividend for the third time in the financial year 2024-25, according to the company’s filings with the Bombay Stock Exchange (BSE) on Tuesday, September 2.
The major miner declared an interim dividend of ₹20 per share of capital on the nominal value of ₹1 per share for fiscal year 2024-25, according to the company’s filing. The total value of the dividend The problem amounts to ₹7,821 crore, the company said.
“We wish to inform you that the Board of Directors of Vedanta Limited at its meeting held today i.e. Monday, 2nd September 2024 has considered and approved the Third Interim Dividend of ₹20/- per equity share on the face value of ₹1/- per capital share for the financial year 2024-25 for an amount of c. ₹7,821 crore,” Vedanta said in its filing for the exchange.
The announced interim dividend will be paid on Tuesday, September 10, according to the filing with the BSE.
Shares of Vedanta Limited closed down 1.06 per cent in ₹463.30 after Tuesday’s market session, compared to ₹468.25 in the previous one market Closing. The company announced the interim dividend after trading hours.
Vedanta Dividend Issues:
Vedanta Limited issued its first provisional dividend of ₹11 per common share in May, followed by a second issue of ₹4 per ordinary share in July. This interim dividend issue is the third by the major mining company.
He mining significant dividends issued by almost ₹101.4 per share in fiscal year 2022-23 and ₹29.5 per share in FY2023-24, providing healthy returns for investors and its London-based parent company, Vedanta Plc.
Vedanta Q1 Results:
Mint It was earlier reported that Vedanta Limited announced a 54 percent increase in net profit at ₹5,095 crore for the period from April to June room for the 2024-25 financial year, compared year-on-year with the same quarter of the previous year, in the company’s consolidated financial statements.
The company reported a 6 percent increase in income to ₹35,239 crore in the first quarter, compared to the previous year. Vedanta’s net debt increased to Rs 35,239 crore ₹61,324 crore as of the quarter ended June 2024, compared to ₹56,338 crore by the end of March 2024.
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