6 Dec 2023 , 12:04 PM
The second interim dividend of Rs 6 per share for the current fiscal year was approved by Hindustan Zinc on December 6. It had declared the first interim dividend of Rs 7 earlier in July.
‘The board has approved the second interim dividend of Rs 6 per equity share i.e. 300 percent on the face value of Rs 2 per share for FY 2023-24 amounting to Rs 2535.19 crore,’ Hindustan Zinc stated in a statement with the exchange.
Given that Vedanta owns 274 crore shares, or 64.92 percent of Hindustan Zinc, the company will receive roughly Rs 1,645 crore of the total dividend payout of Rs 2,535 crore. December 14, 2023 is the record date used to calculate eligibility for the second interim dividend.
Hindustan Zinc’s shares were up roughly 0.46 percent at Rs 326.50 on the NSE at 10:15 a.m. On the NSE, Vedanta was trading at Rs 243.30, up 0.37%.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.