New Delhi, Dec 18 (PTI) Vedanta on Monday said its board has approved a second interim dividend of Rs 11 per equity share for the current fiscal amounting to Rs 4,089 crore.

The record date for the purpose of payment of dividend is December 27, the company said in a filing to the BSE.

Also Read | DU Recruitment 2023: Vacancies Notified for 51 Assistant Professor Posts, Apply Online at colrec.uod.ac.in.

"The board of directors of the company, in its meeting held today... i.e has approved the second interim dividend of Rs 11 per equity share i.e. 1100 per cent on face value of Rs 1 per equity share for the financial Year 2023-24 amounting to c. Rs 4,089 crore," the filing said.

Vedanta Resources Ltd, the UK-headquartered parent company of Vedanta group, had last week said it has secured a USD 1.25 billion loan from private credit lenders to refinance/repay part of the USD 3.2 billion debt maturing in 2024 and 2025, but this did not prevent S&P Global from downgrading its ratings.

Also Read | SBI CBO Recruitment 2023: Registration for 5,280 Posts of Circle Based Officers Ends Tomorrow, Apply Online at sbi.co.in.

Vedanta Resources had said the fundraising will help "create a long-term sustainable capital structure" and demonstrate its continued ability to access global capital markets and investor confidence in the underlying business.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)