Vedanta jumps ~3% on third interim dividend announcement

3 Mar 2022 , 09:18 AM

In its regulatory filing, Vedanta Ltd. informed the exchanges and investors that that the Board of Directors of the Company through resolution passed by circulation on Wednesday, March 2, 2022 have approved Third Interim Dividend of Rs13 per equity share i.e., 1300% on face value of Rs1 per share for the Financial Year 2021-22 amounting to Rs4,832 crore.

The record date for the purpose of payment of dividend is Thursday, March 10, 2022. The interim dividend will be paid within the period prescribed under the law.

Vedanta earlier announced a second dividend of Rs13.50 per share.

On Thursday morning trade, Vedanta was trading 3.28% or Rs12.70 higher at Rs400 against its previous closing price of Rs387.30. It opened at Rs400 itself, and touched high of Rs401 so far.