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Vedanta outstanding dividend payment: SAT stays SEBI order

The market regulator had asked Vedanta India, earlier known as Cairn India Ltd, to pay Cairn UK Holdings Limited (CUHL) Rs 77.62 crore plus a simple interest of 18 percent per annum, for delayed payment of dividend

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Dividend payment: Vedanta shares in news as firm to pay Rs 78 crore to Cairn UK

Vedanta is required to comply with aforesaid direction. Sebi, on expiry of 45 days from the date of this order, may initiate appropriate action against Vedanta for such failure.

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