Indian multinational mining company Vedanta on Wednesday said its board of directors will meet on September 2 to consider and possibly approve the third interim dividend for the financial year 2024-25.
The decision was announced through a stock exchange filing by the company. The record date for determining shareholders’ entitlement to dividend, if declared, has been set as September 10.
The second interim dividend for the period was declared on July 26 at Rs 4 per share (face value of Rs 1), taking the total dividend to Rs 1,564 crore.
In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, Vedanta has announced that it will close its trading window to all specified persons from August 29 to September 4. The move is aimed at preventing insider trading during the period leading up to the announcement.
Vedanta is a global natural resources and technology conglomerate with operations in India, South Africa, Liberia and Namibia.
The company’s shares closed 0.34 per cent higher at Rs 465.50 per share against a 0.14 per cent rise in the NSE Nifty 50. The company’s shares have risen 95.65 per cent since the start of the year and 80.26 per cent in the past 12 months.
