Vedanta share price target: Nuvama expects a dividend per share (DPS) of Rs 40 each in FY25E and FY26E. For now, the brokerage has reiterated its ‘BUY’ rating on the Vedanta stock with a revised target price of Rs 394 from Rs 371 earlier.
Vedanta share price today: Nuvama said Vedanta may complete its expansion in aluminium and zinc within FY25, and, thus, generate additional cash flows.
Vedanta board members will meet on December 19 to consider and approve the proposal for issuance of non-convertible debentures (NCDs) on a private placement basis
Vedanta dividend: The record date for the purpose of payment of dividend will be Wednesday, December 27. The interim dividend, Vedanta said, would be duly paid within the stipulated timelines as prescribed under law.
The dividend of Rs 11 a share will result in a cumulative payout of Rs 4,089 crore, the company said in an exchange filing. The companys board will be meeting again on Tuesday to consider and approve fundraising through the issue of non-convertible debentures.