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6h ago

Vedanta Approves Rs 16 Second Interim Dividend, Sets Aug. 27 Record Date

The move underscores a capital‑return focus as a government‑challenged demerger awaits an NCLT hearing on September 17.

Vedanta declares second interim dividend of Rs 16 per share; details here

Overview

  • Board approval puts the payout at Rs 16 per share for FY26, implying a total outgo of about Rs 6,256 crore.
  • The company said eligible shareholders will be determined on Wednesday, August 27, and the dividend will be paid within statutory timelines.
  • The announcement came after market hours; shares had closed 0.30% higher at Rs 446.80 earlier in the day.
  • Vedanta previously declared a first interim dividend of Rs 7 per share in June and has a recent record of large distributions, including Rs 43.5 per share in FY25.
  • NCLT deferred the firm’s demerger case to September 17 after the Centre alleged withheld information, overstated revenues, concealed liabilities, and post‑approval changes to the scheme.