Vedanta approves third interim dividend of Rs 17.50 a share

The interim dividend of Rs 17.50 per equity share, announced on November 22 by Anil Agarwal's Chairman of Vedanta Limited, will cost the large mining company by Rs 6,505 crore. The same is the third interim dividend for fiscal year 2022–2023. According to the announcement on stock exchange, the company's board of directors, which convened on November 22, approved the interim dividend, which equates to 1750% of the face value of each share worth Rs 1 in cash. Vedanta stated that during the filling with stock exchange, "We wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Tuesday, November 22, 2022 have approved Third Interim Dividend of 17.50 per equity share, i.e. 1750% on face value of Re. 1/- per share for the Financial Year 2022-23 amounting to 6,505 crores." The company stated that the record date for the purpose of payment of the dividend is November 30 2022.