Hindustan Zinc announces its second interim dividend of Rs 6; Vedanta going to get Rs 1,645 crore

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%.

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