Latest News | Vedanta Pays out Dividend for Third Time This Year
Get latest articles and stories on Latest News at LatestLY. Billionaire Anil Agarwal's Vedanta Ltd will pay a dividend to investors for the third time this financial year as a rally in commodity prices boosts its earnings.
New Delhi, Mar 2 (PTI) Billionaire Anil Agarwal's Vedanta Ltd will pay a dividend to investors for the third time this financial year as a rally in commodity prices boosts its earnings.
Vedanta will pay the third interim dividend of Rs 13 per equity share or 1,300 per cent for the fiscal year 2021-22, the company said in a stock exchange filing.
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This will amount to a payout of Rs 4,832 crore.
In January, the firm had paid out 1,350 per cent dividend. This was on top of Rs 18.50 a share payout as first interim dividend in September last year.
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The payout will help the company's London-based promoter Vedanta Resources, which holds 69.68 per cent stake in the firm.
(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)