Dividend will stave off some of the refinancing pressure for Vedanta whose debt maturities are scheduled for FY17
The stock surged 14% to Rs 200 after the board declared a special dividend of 1200% or Rs 24 per equity share of face value of Rs 2/- for the current fiscal.
His comments come against the backdrop of Mines Ministry saying that selling govt's stake in HZL is not a 'wise move'