Vedanta Dividend 2020: Vedanta Dividend Record Date, History, Payment Date, Payment Date, Payout Date, dividend history, Interim & Final Dividend per share
Vedanta declares interim dividend of ₹9.5 per share aggregating to ₹3,500 cr
Days after its bid for delisting failing, the Vedanta board on Saturday approved interim dividend of ₹9.50 per share. Record date for the same is 31 October.
“The Board of Directors of the Company through resolution passed by circulation on Saturday, October 24, 2020 have approved First Interim Dividend of ₹ 9.50 per equity share i.e. 950 % on face value of Re. 1/- per share for the Financial Year 2020-21 amounting to ₹3,500 Crores.
The record date for the purpose of payment of dividend is Saturday, October 31, 2020. The interim dividend will be paid within stipulated timelines as prescribed under law,” the company said in a stock exchange filing.
On October 10, Vedanta Ltd announced that its voluntary delisting offer — to acquire the balance shareholding in Mumbai-listed Vedanta Ltd and then delisting it from the stock exchange — had failed at the reverse book building stage.
The total number of shares tendered by Vedanta Ltd’s public shareholders fell 7 per cent short of the mandatory minimum 90 per cent for successful delisting.
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