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Vedanta Declares First Interim Dividend; Sells 1.6% Stake in Hindustan Zinc
June 19, 2025
Vedanta Ltd., the Indian subsidiary of Vedanta Resources Limited (VRL) announced the first interim dividend of INR 7 per share for FY26, amounting to INR 27.4bn ($0.32bn). The record date for the dividend payment is set for 24 June 2025, with disbursement to follow within legally stipulated timelines. Brokerage firm Nuvama has projected Vedanta’s total dividend payout at INR 30 per share for both FY26 and FY27.
In previous years, Vedanta paid total dividends of INR 43.5 per share amounting to INR 170bn ($1.96bn) in FY2025 and INR 29.5 per share amounting to INR109.6bn ($1.27bn) in FY24. Separately, Vedanta sold 66.7mn shares (~1.6% stake) in its subsidiary Hindustan Zinc Ltd through a block deal, raising INR 30.2bn ($349mn). The proceeds will be used to reduce debt and support the company’s ongoing demerger into sector-focused entities. Vedanta stated that this transaction highlights strong investor confidence in its strategic initiatives, including record production, cost optimization, and long-term value creation through financial restructuring and business realignment.
Vedanta’s bonds traded stable with its 10.875% 2029s at 101.24, yielding 10.4%
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