Vedanta Limited’s board has approved the third interim dividend of Rs 13 per share that is 1300 per cent on face value of Re 1 per share for FY22 amounting to Rs 4,832 crore, the company said in an exchange filing on Wednesday. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The Anil Agarwal-backed company has set a record date for the purpose of payment of dividend is Thursday, March 10, 2022, stating further that the interim dividend will be paid within stipulated timelines as prescribed under law, the release said.   

See Zee Business Live TV Streaming Below:

The shares of Vedanta Limited on Wednesday closed 1.81 per cent higher at Rs 387.35 apiece on BSE, as compared to 1.38 per cent fall in the S&P BSE Sensex. The counter has surged around 4 per cent intraday on the back of surging aluminum prices amid Russia-Ukraine crisis.   

In third quarter for the financial year 2021-22, Vedanta Ltd had reported a 26.2 per cent rise in consolidated net profit at Rs 4,164 crore as compared to Rs 3,299 crore in the year-ago period.  

While, It’s consolidated income during the October-December period increased to Rs 34,674 crore from Rs 23,621 crore in the year-ago period, the company had said in a filing earlier. 

Earlier in February, Vedanta had scrapped the rejig plan including demerger or spin off and said it will continue with its existing structure. It has also declared a capital allocation policy that is along the lines of a consistent, disciplined, and balanced with long term balance sheet management.