Vedanta - Owned Hindustan Zinc Announces Lowest Dividend of ₹6 per share Since 2018.
Source- CNBC TV18
Hindustan Zinc, majority-owned by Vedanta, declares a second interim dividend of ₹6 per share, the lowest since 2018
Source- CNBC TV18
In FY2023, the company issued a total dividend of ₹75.5 per share. CNBC-TV18 reports cash depletion after the March final dividend
Source- CNBC TV18
Vedanta, holding a 64.92% stake in Hindustan Zinc, plans to receive ₹1,645 crore from the dividend payout
Source- CNBC TV18
Vedanta faces a $1 billion debt repayment in January 2024. Chairman Anil Agarwal states all options are open for repayment
Source- CNBC TV18
Hindustan Zinc shares surge nearly 2% to ₹330.75 post-announcement, turning positive for the year, up 1.5% in 2023
Source- CNBC TV18
Dividend and record date align with Vedanta's debt repayment deadline, showcasing financial strategy and potential impact on shareholder value
Source- CNBC TV18