Vedanta declares dividend of Rs 19.5 per share

Vedanta Company chairman anil agarwal

The Anil Agarwal-promoted company  purpose of payment of dividend is July 27.

Second Interim Dividend of Rs 19.50 per equity share i.e. 1950% per cent 

The stock has surged nearly 11 percent for the last four days.

intra-day  hitting a one-month high of Rs 259.80

Vedanta had approved an interim dividend of Rs 11,710 crore.

Vedanta has paid Rs 96 per share in FY21-22

dividend payment of Rs 96 per share, Vedanta gave an additional income of Rs 1.54 lakh

Financial Year 2022-23 amounting to c. ₹7,250 crores,

London-based holding vehicle Vedanta Resources, owns about 70% of the Indian firm

final dividends at the year-end and an occasional special dividend.

The dividend is key for its parent, which has seen its bonds