Vedanta shares up 1% following fourth interim dividend announcement

Vedanta Limited’s shares surged 1.9 per cent to ₹523.50 on the BSE today. The company announced that its board would conduct the meeting on December 16 to deliberate and approve a potential fourth interim dividend for the fiscal year 2024-25. The record date for determining dividend eligibility has been set for December 24th. 

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In an exchange filing, it said this meeting was originally scheduled for October but was postponed due to unforeseen circumstances. Vedanta has already declared three interim dividends this year: ₹11, ₹4, and ₹20 per share. 

Vedanta, a subsidiary of Vedanta Resources, is one of the world’s leading oils & gas and metals company with significant operations in zinc, lead, silver, copper, iron ore, steel, and aluminium and power across India, South Africa and Namibia. 

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