Vedanta spurts ~3.5% as board announces second Interim Dividend of Rs19.50

20 Jul 2022 , 09:39 AM

Vedanta Limited, one of the world’s leading miners, has cheered investors with its latest dividend announcement.

At around 9.34 AM, Vedanta’s counter was trading 3.20% higher at Rs246.40 against its previous close of Rs238.75 on NSE. So far, it hit an intraday high of Rs249 after making entry at Rs248.

This was following the company’s announcement that the Board of Directors of the company via a resolution passed by circulation on July 19, 2022, has approved the second interim dividend of Rs19.50 per equity share of Rs1 each.

The dividend announced for the Financial Year 2022-23 aggregates to Rs7,250 crore.

The company has fixed July 27, 2022, as the record date for the purpose of payment of dividend. Vedanta undertakes to pay interim dividends within stipulates timelines as prescribed under law.