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Vedanta to pay out Rs 7,250 cr on second interim dividend at Rs 19.5/share

So far, the company's dividend payout in FY23 stands at Rs 18,960 crore, ahead of FY22 total dividend of Rs 16,740 crore

Vedanta Resources

The dividend announcements by Vedanta come at a time when Vedanta Resources, which owns 69.7 per cent of Vedanta, has been looking to deleverage its balance sheet.

Viveat Susan Pinto Mumbai
Metals and mining major Vedanta announced a second interim dividend of Rs 19.5 per equity share on Tuesday, taking its total payout in two rounds of dividends announced so far in FY23 to Rs 18,960 crore. This is ahead of its total dividend paid in FY22, which stood at Rs 16,740 crore, data compiled by BS Research Bureau shows.

Vedanta's move comes close on the heels of the announcement by its subsidiary, Hindustan Zinc, last week of an interim dividend of Rs 21 per share. Hindustan Zinc had said that its dividend payout would entail an outflow of

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First Published: Jul 19 2022 | 7:09 PM IST

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