Vedanta announces 1770% interim dividend
The Board of Directors of the Company have approved the second Interim Dividend of Rs.17.70 per equity share i.e. 1770 percent on face value of Re 1 per share for the Financial Year 2016-17.
March 30, 2017 / 12:12 PM IST
The Board of Directors of the Company have approved the second Interim Dividend of Rs.17.70 per equity share i.e. 1770 % on face value of Re.1/- per share for the Financial Year 2016-17. The record date for the purpose of payment of dividend is Wednesday, April 12, 2017. Further, the Board has also approved dividend of Rs.17.70 per equity share to shareholders of Cairn India Limited, who will become shareholders of the Company pursuant to the Scheme of Arrangement between Vedanta Limited and Cairn India Limited ('Scheme'). The dividend would be paid to the Cairn India Limited shareholders as on a Record date to be fixed after the Scheme becomes effective. The total amount of Dividend Payout including that to Cairn shareholders is Rs. 6,580 Crore.Source : BSE
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