Vedanta Issues New Update On 4th Dividend Post Mkt Hours, Shares Tank 3.66%

Vedanta Limited today issued fresh update on its 4th interim dividend that was supposed to be declared on October 8, 2024. The company has already fixed October 16, 2024 as the record date for the fourth interim dividend, if declared for the financial year 2024-25. Last trading price of Vedanta Ltd on BSE is Rs 497.30 per share with intraday fall of 0.57%. The company has a market capitalisation of Rs 1,94,463.60 crore. Vedanta Limited shares slipped 3.66% in last 1-week and offered return of 123% in last 1-year. Check details below:

Vedanta Limited Gives New Update On Interim Dividend: As per the exchange filing of Vedanta Limited dated October 8, 2024, "Further to our Letter No. VEDL/Sec./SE/24-25/167 dated September 25, 2024, we wish to inform that due to unforeseen circumstances, the Board meeting is now rescheduled to be held on October 09, 2024."

Vedanta on September 25 informed via BSE filing that "the meeting of the Board of Directors of the Company (the "Board") is proposed to be scheduled on Tuesday, October 08, 2024, to consider and approve the Fourth Interim Dividend on equity shares, if any, for the Financial Year 2024-25. Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Wednesday, October 16, 2024."

Vedanta Shares Performance: The 52-week high price of Vedanta Limited shares on BSE stood at Rs 523.60 per share (as on 30/09/2024) and 52-week low price is Rs 211.25 per share (as on 26/10/2023), respectively.

Vedanta Earlier Dividend In 2024: Vedanta Limited on September 2, 2024 recommended third interim dividend of Rs 20/- per equity share on the face value of Re 1/- per equity share for the financial year 2024-25 amounting to Rs 7821 crores. Vedanta on August 28 set September 10, 2024 as the record date for third interim dividend.

The BSE filing said, "we wish to inform you that the Board of Directors of Vedanta Limited (the "Company"), at its meeting held today i.e. Monday, September 02, 2024, has considered and approved the Third Interim Dividend of Rs 20/- per equity share on face value of Re 1/- per equity share for the Financial Year 2024-25 amounting to Rs 7,821 Crores."

How To Be Eligible For Vedanta 4th Interim Dividend? Record date holds significance in announcing eligibility of shareholders for dividend and bonus share. Shareholders whose name appear in company's shareholders record as on the record date will become eligible to receive dividend income and bonus share. Record date is the specific day on which a company confirms the list of shareholders eligible for its dividend distribution and bonus shares. Vedanta fixed October 16, 2024 as the record date for third interim dividend.

Vedanta Shareholding Pattern: Promoters have decreased holdings from 61.95% to 59.32% in June 2024 quarter. FII/FPI have increased holdings from 8.77% to 10.23% in June 2024 quarter. Number of FII/FPI investors increased from 674 to 787 in June 2024 quarter. Mutual Funds have increased holdings from 3.55% to 5.34% in June 2024 quarter. Number of MF schemes increased from 31 to 32 in June 2024 quarter, according to Trendlyne. Meanwhile, Life Insurance Corporation Of India (LIC) has 7.72% stake in Vedanta with 301,795,347 shares of the company.

Vedanta Bonus Share History: Vedanta recommended 2 bonus issues since February 16, 2005. The last bonus issue that Vedanta declared was in the ratio of 1:1 with ex-date fixed as August 8, 2008.

Vedanta Stock Split History: Vedanta split the face value of its share once since August 8, 2008. Vedanta last split the face value of its shares from Rs 10 to Re 1 in 2008. Vedanta share traded ex-split as on August 8, 2008.