The Board of Directors of Vedanta Ltd held its meeting on May 22, 2023. It has declared first Interim Dividend of Rs 18.5 per equity share for the financial year 2023-24. The interim dividend will be paid within stipulated timelines as prescribed under law.
Vedanta Ltd Q4FY23 Result
The company reported a 67.5% year-on-year drop in its March quarter net profit at Rs 1,881 crore. The company’s revenue from operations dropped 5.4% YoY to Rs 37,225 crore. Vedanta said its gross debt stood at Rs 66,182 crore as on March-end while net debt was at Rs 45,260 crore.
Vedanta Ltd CMP
The Current Market Price (CMP) or last traded price (LTP) of company was Rs 292.45 at the time of publishing this article. Its 52 weeks high was Rs 340.75 (on 20-Jan-2023) & 52 weeks low was Rs 206.00 (on 01-Jul-2022).
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Vedanta Ltd Dividend Record Date
The record date/ cut-off date for the purpose of determining the name of members for entitlement of dividend, if declared, will be 30 May 2023.
Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2023.
Above all, here is the copy of statement, the company has sent to the exchanges:
We wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Monday, May 22, 2023 have approved First Interim Dividend of ₹ 18.50 per equity share i.e. 1850% on face value of Re. 1/- per share for the Financial Year 2023-24 amounting to ₹ 6,877 Crores. We request you to kindly take the above information on record.
Important Dates
- Company – Vedanta Ltd
- Script Name – VEDL (NSE) and 500295 (BSE)
- Dividend Amount – 18.5 Rs Per Share
- Dividend Type – Interim
- Ex-Dividend Date – 30 May 2023
- Record Date – 30 May 2023
- Payment Date – 23 July 2023
- Current Market Price – Rs 292.45
- 52 Weeks High – Rs 340.75
- 52 Weeks Low – Rs 206.00
Also, you can find more information about VEDANTA Ltd on National Stock Exchange and Moneycontrol – Vedanta Limited is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia.
