The announcements were made post-market hours today May 16.
“The record date for the purpose of payment of dividend shall be Saturday, May 25, 2024, and the interim dividend shall be duly paid within the stipulated timelines as prescribed under law,” Vedanta informed through BSE filing.
Vedanta Ltd (VEDL) today May 16 announced that its board approved a fundraise of up to Rs 8,500 crore. The Anil Agarwal-led company said that its committee of directors will decide on the fundraise structure, where the proposal includes the issue of equities and other financial instruments.
The metals-to-oil conglomerate also declared its first interim dividend of Rs 11 per equity share for financial year 2024-25 (FY25), amounting to Rs 4,089 crore. “The record date for the purpose of payment of dividend shall be Saturday, May 25, 2024, and the interim dividend shall be duly paid within the stipulated timelines as prescribed under law,” Vedanta stated.