Vedanta Limited witnessed a surge of over 1 percent in its shares on December 19, following the company’s nod for a second interim dividend of Rs 11 per equity share for the financial year 2023-24 (FY24). This translates to a remarkable 100 percent on a face value of Re 1 per equity share. The substantial interim dividend payout amounted to a whopping Rs 4,089 crore.
According to a regulatory filing by the prominent mining and metals entity, the record date for dividend payment has been set for December 27, 2023. The company affirmed its commitment to ensuring timely disbursement of the interim dividend, adhering to the legal stipulations.
As of 11:54 am, the shares exhibited a positive trajectory, trading 0.63% higher at ₹262.35, signifying investor enthusiasm in response to Vedanta Limited’s proactive dividend decision.
