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Vedanta Shares Climb After Second Interim Dividend Announcement

Vedanta Shares Climb After Second Interim Dividend Announcement


Vedanta Shares Climb After Second Interim Dividend Announcement

Vedanta introduced the second interim dividend of Rs 19.5 per share.

New Delhi:

Shares of mining main Vedanta witnessed a pointy rise in costs on Wednesday after the corporate introduced a second interim dividend for the monetary 12 months 2022-23.

As of 10.29 am, the share value was at Rs 250.60 per share, up by 4.96 per cent.

Vedanta introduced the second interim dividend of Rs 19.5 per share for its stakeholders for the monetary 12 months 2022-23 on Tuesday.

A dividend is a reward that listed firms typically present to their shareholders from a portion of their earnings.

The proposed dividend would price the corporate amounting to Rs 7,250 crores, it stated in a regulatory submitting to the inventory exchanges on Tuesday night.

“The file date for the aim of fee of the dividend is Wednesday, July 27, 2022. The interim dividend can be paid inside stipulated timelines as prescribed beneath regulation,” the submitting to the exchanges added.

Earlier in April, it had introduced its first interim dividend of Rs 31.5 per share, costing the corporate value Rs 11,710 crore.



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