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Vedanta plans to issue $1.5 billion dividend, lifting parent's bonds

The parent firm's dollar bonds rose the most in six weeks Friday, with the notes maturing in July hitting the highest level since October, according to Bloomberg-compiled data

Topics
Vedanta Limited | Anil Agarwal | dividend

Swansy Afonso & Bijou George | Bloomberg 



Vedanta will pay a dividend of 31.50 rupees a share to investors, it said in an exchange filing Thursday. (Photo: Bloomberg)
Vedanta will pay a dividend of 31.50 rupees a share to investors, it said in an exchange filing. (Photo: Bloomberg)

Vedanta Ltd. will issue Rs 11,710 crore ($1.5 billion) of dividends to shareholders, triggering a rally in the bonds of its parent that will use the income to pay down debt.

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First Published: Fri, April 29 2022. 11:44 IST

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