Vedanta shares up 1% following fourth interim dividend announcement
Vedanta Limited’s shares surged 1.9 per cent to ₹523.50 on the BSE today. The company announced that its board would conduct the meeting on December 16 to deliberate and approve a potential fourth interim dividend for the fiscal year 2024-25. The record date for determining dividend eligibility has been set for December 24th.
In an exchange filing, it said this meeting was originally scheduled for October but was postponed due to unforeseen circumstances. Vedanta has already declared three interim dividends this year: ₹11, ₹4, and ₹20 per share.
Vedanta, a subsidiary of Vedanta Resources, is one of the world’s leading oils & gas and metals company with significant operations in zinc, lead, silver, copper, iron ore, steel, and aluminium and power across India, South Africa and Namibia.
