The business noted that April 7, 2023, has been set as the record date for establishing the equity shareholders' eligibility for the dividend if announced.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
The shares of the company listed at 17.14% premium on NSE at Rs 164 and 16.43% premium on BSE at Rs 163 per share.
Vedanta is the parent company of Hindustan Zinc.
Record date for the dividend set at 29th March.
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