1:5 Split Soon: Vedanta Declares 3rd Interim Dividend Of Rs 11/Sh, Buy Metal Stock Before Record Date?

The much-awaited dividend announcement of Vedanta Ltd is here! The billionaire Anil Agarwal-backed metal giant is a strong dividend paying stock on Indian stock exchanges. In a board meeting on March 23, Vedanta declared third interim dividend for FY26 to the tune of Rs 11 per share. In total, Vedanta will offload Rs 4,300 crore worth dividend rewards. In another news, Vedanta has also clarified over the acquisition of Jaiprakash Associates.

Vedanta Ltd 3rd Interim Dividend:

In its regulatory filing, Vedanta said its board of directors has fixed the third interim dividend of Rs 11 per share with a face value of Re 1 each for FY26, amounting to Rs 4,300 crore.

The upcoming dividend will take Vedanta's total payout to Rs 34 per share for FY26. Earlier, Vedanta rewarded second interim dividend of Rs 16 per share with ex-date on August 27, 2025, after first interim dividend payout of Rs 7 per share whose ex-date stood on June 24, 2025.

Vedanta's current dividend yield is at 3.56% which is one of the highest on exchanges.

Vedanta Interim Dividend Record Date:

For the upcoming dividend, to become eligible an investor will require to hold Vedanta shares before the record date. Vedanta will determine the eligibility of investors on the record date of Saturday, March 28, 2026.

Since March 28 is a Saturday which is a weekend holiday for market, Vedanta will turn ex-date on March 27th. Hence, Vedanta shares should be in your portfolio before March 27th ends. If an investor buys VEDANTA shares after March 28, they will not be eligible for the reward.

Vedanta Ltd Share Price:

After market hours of March 23rd, Vedanta stock closed at Rs 645.75 per share, down by 4% due to broader market bears. Its market capitalization stood at Rs 2,52,513.31 crore.

Vedanta Ltd - Jaiprakash Associates Acquisition:

Apart from the dividend rewards, Vedanta clarified on Jaiprakash Associates acquisition buzz. Many media reports stated that Vedanta has moved to NCLAT to challenge NCLT's approval to Adani Group's bid for acquiring Jaiprakash Associates.

In its filing on Monday, Vedanta said, "The matter referred to in the media article pertains solely to a legal proceeding initiated by the Company in its capacity as a stakeholder, in accordance with applicable law, and does not have any material impact on the operations, financial position or performance of the Company."

Adani has reportedly bid Rs 14,543 crore to acquire debt-laden Jaiprakash. Vedanta Group was also in the race to acquire the cement maker. Last year in November, it was reported that Jaiprakash Associates lenders approved Adani bid as it was more than Vedanta.

The Anil Agarwal-backed giant called it "commercial conspiracy" on the approval to Adani. Hence, they asked for reconsideration of their bids. Vedanta argues that they had emerged as highest bidder for Jaiprakash with an offer of Rs 12,505.85 crore which was on net present value (NPV) basis.

Vedanta Ltd Demerger:

However, there was no development revealed related to Vedanta's demerger in the ratio of 1:5. Vedanta has received all the necessary approvals of authorities and is in the execution phase of a transformational demerger, leading to five separate listed companies.

According to Vedanta, each entity will have a clear strategic mandate, focused leadership teams, and dedicated capital structures. Also, this transition is expected to strengthen Vedanta's ability to grow as focused businesses while creating long-term value aligned with rapidly growing global and Indian demand.

Vedanta Will Be SPLIT into:

Vedanta Aluminum

Vedanta Oil & Gas

Vedanta Power

Vedanta Iron & Steel

Vedanta Ltd.

Notably, Vedanta Ltd will continue to be the parent company of Hindustan Zinc.

What will shareholders get? Post the demerger, for every share held in Vedanta Limited, shareholders will additionally receive one share each of the 4 newly demerged entities.

BUY Vedanta Shares?

The consensus recommendation from 13 analysts for Vedanta is BUY. EPS is expected to grow by 33.9% in FY26, as per Trendlyne data. Of the total, 9 analysts have suggested STRONG BUY and 1 analyst recommends BUY on Vedanta. No analysts have suggested SELL. The average 1-year target price is fixed at Rs 808.77 apiece.

Also, global brokerage, BofA Securities has upgraded its rating to BUY on Vedanta Ltd from their previous NEUTRAL stance. The target price is set at Rs 840, which is the highest as of now.

Disclaimer:The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.