Wednesday, December 25, 2024

Business

Vedanta board to consider the third interim dividend on March 2

Vedanta board to consider the third interim dividend on March 2

Major Mining Vedanta Ltd on February 23 said His Board of Directors would consider on March 2, the third interim dividend for the Fiscal Year 2021-22.

“The company’s board of directors on Wednesday, March 02 2022, will consider and approve the third interim dividend in equity stocks, if any, for the financial year 2021-22,” the company told the stock exchange.

“The recording date for the purpose of determining the equity shareholders rights for the dividend, if stated, is being repaired on Thursday, March 10, 2022,” said the submission of the next regulation.

Vedanta also noted that the trading window for all shares will remain closed for a period of time from February 24 to March 4, according to the norms and rules aimed at prohibiting trafficking insiders.

The statement came weeks after Vedanta canceled the plan to stoned its corporate structure. AIL Agarwal LED entity, on February 8, also announced the dismissal of plans to menderge or spin the existing business.

“The Board of Directors concluded that the current structure is optimal and commensurate with the current scale and diverse business lines. Therefore, the company will not carry out the company’s restructuring including demerger / spin off etc. And will continue with the existing structure.,” It is said in the submission of the Stock Exchange.

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