Vedanta dividend: Ex-date for dividend is set at April 6; the record date for determining eligible shareholders is April 7 and the actual dividend will be paid to eligible shareholders on April 27.
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, had cash and cash equivalents of Rs 23,474 crore and gross debt of Rs 61,550 crore on a consolidated basis, as on December 31, as per the recent quarterly results.
Vedanta will consider the issue of fifth interim dividend the for FY23. The record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is fixed as April 7.
Promoters held 69.69 per cent stake in Vedanta as of December 31. They would be entitled to Rs 5,311 crore in dividends. The record date for the purpose of payment of dividend is Friday, April 7, Vedanta said.