Vedanta's total dividend outgo for FY23 stands 1.5 times the FY22 net profit
Vedanta Resources, Anil Agarwal-led holding company, has about $7.7 billion of net debt burden. In March, Moody's downgraded Vedanta Resources' rating, on the back of increasing refinancing risks
Vedanta shares gain 3% after announcement of 2050% dividend payout
On Wednesday, Vedanta shares were trading 2.83 per cent higher at 282 apiece on the NSE
Vedanta Limited - 500295 - Announcement under Regulation 30 (LODR)-Change in Management
Pursuant to Regulation 30 of Listing Regulations, we wish to inform you that the Board of Directors of the Company at their meeting held on Tuesday, March 28, 2023 have taken note of the resignation of Mr. Ajay Goel from the post of Acting Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company effective from close of business hours on April 09, 2023, to pursue career outside of the Group. The Company and Board placed on record its appreciation for the commitment and contribution made by him during his tenure and wish him very best for his future endeavours. The Company will announce the details of the successor in due course and the same shall accordingly be intimated to the Stock Exchanges. The meeting commenced at 04:10 pm IST and concluded at 05:25 pm IST. We request you to kindly take the above information on record. Vedanta Limited - 500295 - Corporate Action-Board approves Dividend
Pursuant to Regulation 30 of Listing Regulations, we wish to inform you that the Board of Directors of the Company at their meeting held on Tuesday, March 28, 2023 have approved the Fifth Interim Dividend of ? 20.50 per equity share i.e., 2050% on face value of ? 1/- per share for the financial year 2022-23 amounting to c. ? 7,621 crores. The record date for the purpose of payment of dividend is Friday, April 07, 2023. The interim dividend will be paid within the stipulated timelines as prescribed under law. The meeting commenced at 04:10 pm IST and concluded at 05:25 pm IST. We request you to kindly take the above information on record. Vedanta Limited - 500295 - Board Meeting Outcome for Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations')
Pursuant to Regulation 30 of Listing Regulations, we wish to inform you that the Board of Directors of the Company at their meeting held on Tuesday, March 28, 2023 have: 1. Approved the Fifth Interim Dividend of ? 20.50 per equity share i.e., 2050% on face value of ? 1/- per share for the financial year 2022-23 amounting to c. ? 7,621 crores. The record date for the purpose of payment of dividend is Friday, April 07, 2023. The interim dividend will be paid within the stipulated timelines as prescribed under law. 2. Taken note of the resignation of Mr. Ajay Goel from the post of Acting Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company effective from close of business hours on April 09, 2023, to pursue career outside of the Group. The Company will announce the details of the successor in due course and the same shall accordingly be intimated to the Stock Exchanges.
Billionaire mining tycoon Anil Agarwal fights to clear Vedanta's debt
Vedanta's quest to raise cash comes during a rocky time for India's business elite. Highly leveraged conglomerates are under increased scrutiny after a short seller accused Gautam Adani
Anil Agarwal-led Vedanta seeks RBI's nod for guarantees for $1-billion loan from 3 banks: Report
The loan will be raised through THL Zinc Ventures, a Mauritius-based wholly owned subsidiary of Vedanta Limited. The Vedanta Group is in talks with JP Morgan, Barclays, Standard Chartered and Deutsche Bank for the $1 billion loan.
Vedanta cuts $91 million from govt's profit in protest against windfall tax
Producers felt that the levy of Special Additional Excise Duty on locally produced crude oil was a violation of the contract which provides fiscal stability.
Vedanta to consider 5th interim dividend for FY23 on 28 March, fixes record date
As per the latest Axis Securities report, Vedanta topped the charts in large-cap space with the highest dividend yield of 28.6%. In the last 12 months, the company paid 81 per share as a dividend benefit. Vedanta Limited - 500295 - Closure of Trading Window
Pursuant to Regulation 29 of Listing Regulations, Notice is hereby given that the meeting of the Board of Directors of the Company (the 'Board') is proposed to be scheduled on Tuesday, March 28, 2023, to consider and approve the Fifth Interim Dividend on equity shares, if any, for the Financial Year 2022-23. Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Friday, April 7, 2023. Further, pursuant to the provisions of Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and Insider Trading Prohibition Code of the Company, the Trading Window shall be closed for dealing in securities of the Company for all Designated Persons from Friday, March 24, 2023 till Thursday, March 30, 2023 (both days inclusive). This is for your information and records.