The board of Vedanta Ltd on Monday approved the second interim dividend of Rs 11 per equity share. The dividend is equivalent to 1100% on face value of Rs 1/- per equity share for the financial year 2023-24 which amounts to Rs 4,089 crore. The record date for the purpose of payment of dividend has been fixed as Wednesday, December 27, 2023 and the interim dividend shall be duly paid within the stipulated timelines as prescribed under law.
Shares of Vedanta Ltd are in focus today after Vedanta Group said the company's subsidiary, Malco Energy Limited, has set up a new unit in Saudi Arabia for copper business for SAR (saudi riyal) 1,00,000. The newly incorporated unit has been named 'Vedanta Copper International VCI Company Limited', according to an exchange filing by the company. In the preopening session, the metal stock was trading 0.96% higher at Rs 243 on BSE. In the last one month, the Vedanta stock has gained 6.43% .