Vedanta to disburse Rs 6,877 crore via dividend declaration

Vedanta board approves first interim dividend of Rs 18.50 per share for FY22

Anil Agarwal-led Vedanta Limited on Wednesday said its board has approved an interim dividend of Rs 18.50 per share for FY22, amounting to Rs 6,877 crore.

This is the company’s first dividend for the current fiscal with the record date set for the purpose of payment of this dividend on September 9, 2021.

The Vedanta Limited dividend declaration announcement comes following Hindustan Zinc’s announcement on August 17, regarding deferment of decision on likely interim dividend for fiscal FY22.

Accordingly, the zinc producers in its exchange filing also said that the record date of August 26, 2021 as initiated earlier stands