 "Vedanta, led by Anil Agarwal, said after the closure of the plant, almost 38% of the country's copper demand, which Sterlite met, is being catered to by foreign companies")
Billionaire Anil Agarwal’s Vedanta Ltd. will reward shareholders with a dividend payout for the second time this year after reporting back-to-back bumper profits in the past year.
Vedanta approved an interim dividend of Rs 13.50 a share, totaling Rs 5,019 crore, according to an exchange filing Saturday. The move comes after its cash-rich unit Hindustan Zinc Ltd. announced a payout of $1 billion earlier this week. The record date for the purpose of payment of dividend is December 18, 2021.
London-based parent Vedanta Resources Ltd. will be the biggest beneficiary of the payout and the cash will aid in repaying some of
