Vedanta on Monday announced a third interim dividend of Rs 11 per equity share for the ongoing financial year 2025-26, with the dividend payout cumulatively amounting to Rs 4,300 crore. The Anil Agarwal-led company has already fixed Saturday, March 28, as the record date to determine the eligibility of shareholders set to receive the dividend.
Markets will remain closed on March 28 (Saturday) as it falls on the weekend. This means that the shares must be credited to investors’ demat accounts by March 27 (Friday) to be eligible for the dividend payment.
Since markets will remain closed on March 26 (Thursday) on account of Shri Ram Navami, March 25 (Wednesday) will likely be the last date to buy the shares of Vedanta to be eligible for the dividend payout, as the shares will likely be credited to their accounts before the record date.
Vedanta is popular among investors for its dividend payouts and has declared 49 dividends since July 23, 2001, according to Trendlyne data. At the current share price, Vedanta’s dividend yield stands at more than 3.5%.
Last year, the company announced two interim dividends, Rs 16 in August and Rs 7 in June. 2024 was a bumper year in terms of dividend payouts, as the company announced four dividends cumulatively worth Rs 43.5 per share.
Meanwhile, the insolvency appellate tribunal NCLAT on Tuesday declined any interim stay on the Vedanta Group’s plea against the order passed by the NCLT approving the Rs 14,535 crore bid by the Adani Group for acquiring Jaiprakash Associates Ltd (JAL).The National Company Law Appellate Tribunal’s (NCLAT) two-member bench sought a response from the Committee of Creditors (CoC) of JAL within a week. It also directed that the matter be listed on April 10 for the next hearing.
The Vedanta Group was in the race to acquire JAL through an insolvency process, but the lenders in November last year approved the resolution plan of Adani Enterprises Ltd. Last week, the National Company Law Tribunal (NCLT) approved the Adani Group’s bid.
Vedanta shares have fallen more than 5% in the past five days, and over 10% in the past one month. This comes after the stock gained over 41% in six months.
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