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Vedanta Ltd to Pay $392mn in Interim Dividends
December 17, 2024
Vedanta Ltd. agreed to pay an interim dividend amounting to INR 33.2bn ($392mn). Following this, Vedanta Ltd. would have given about INR 170bn ($2bn) in dividends in the financial year through 2025. The company recently reported its highest quarterly earnings in over two years. The recent dividend payment will help ease the burden of its parent company Vedanta Resources that holds about 56.4% stake in the Indian subsidiary, thanks to the upstreaming of dividends.
Vedanta’s dollar bonds were trading stable with its 9.25% 2026s at 100.25, yielding 8.4%.
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