Vedanta To Consider Interim Dividend; Stock Soars Over 2%

Vedanta's board will meet next week to consider and approve the first interim dividend for 2021-22. "The board of directors of the company on Wednesday, September 1, 2021, will consider and approve the first interim dividend on equity shares, if any, for the financial year 2021-22," Vedanta said in a regulatory filing to the stock exchanges on Saturday.

Vedanta has fixed September 9 as the record date for the dividend.

Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading diversified natural resource companies with business operations in India, South Africa, Namibia and Australia.

As of 12:40 pm, Vedanta shares are trading at Rs 299.20, higher by 2.3 per cent, on the BSE. The BSE Sensex and NSE Nifty indices have gained around a per cent each, with the BSE metal index rallying 2.5 per cent to top the gainers list on the BSE.