Vedanta Announced Interim Dividend of ₹7 Per Share: Check Dividend History, Record Date and More

The board of Vedanta Ltd., the mining conglomerate owned by Anil Agarwal, has approved a first interim dividend of ₹7 per share during its meeting held on Wednesday, June 18. This dividend payout will amount to a total outflow of ₹2,737 crore for the company.

With a 56.38% stake in Vedanta Ltd., Vedanta Resources is expected to receive ₹1,543 crore from this distribution. The company has designated June 24 as the record date for shareholders eligible to receive this interim dividend.

Vedanta Dividend History

Vedanta has maintained a consistent dividend payout pattern in 2024, distributing multiple interim dividends throughout the year. The dividend history shows payments on May 24, August 2, September 10, and December 24, with amounts of ₹11.00, ₹4.00, ₹20.00, and ₹8.50, respectively. This reflects the company’s commitment to rewarding its shareholders regularly and indicates steady financial performance.

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Vedanta Offloaded Stakes in Hindustan Zinc

Vedanta Limited has announced the sale of 66.7 million shares in its subsidiary, Hindustan Zinc Limited, to institutional investors through an accelerated bookbuild process. This sale represents approximately 1.6% of Hindustan Zinc’s issued ordinary share capital, generating gross proceeds of around INR 3,028 crore.

As Vedanta actively advances its plan to demerge into sector-focused entities across various verticals, this capital raise will strengthen the company’s balance sheet by reducing leverage and improving financial flexibility. This will empower each of the newly demerged entities to independently pursue their growth strategies.

The transaction underscores strong investor confidence in Vedanta’s strategic vision, highlighted by recent achievements such as record production levels, improved cost efficiencies, and steady progress in deleveraging and demerger efforts—all aimed at creating long-term value for stakeholders.

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