Vedanta Dividend 2024 Record Date

Vedanta

Vedanta is a global conglomerate operating across continents, with countries like India, South Africa, Liberia, and Namibia. The company primarily operates in natural resources like oil and gas, Zinc-Lead-Silver, aluminum, iron ore, steel, copper, ferro alloys, power, nickel, and later on semiconductors and glass in 2023.

The company had picked steam after the LPG revolution (liberalization, privatization, and globalization), which allowed the company to buy stakes in government-owned, heavily subsided public sector companies. The company first acquired BALCO in 2001 by buying a 51% stake.

After the introduction of the Insolvency and Bankruptcy Code, the company acquired the Electro-Steel Authority and Sindhudurg Global Coke Limited in 2019. 

Vedanta Dividend 2024 Record Date

Vedanta Dividend 2024 Record Date is May 25th if the board of directors accepts the date of the meeting that is held on May 16th, 2024. Apart from this, the company will discuss raising funds through equity and other means. The dividend record date is the first interim dividend of equity shares, which is for the financial year FY 24–25.

To prevent insider trading, the company has closed the trading window for the designated persons during the schedule from May 14th to May 18th. In this time period, the designated persons are barred from trading in the stock of the company. 

Vedanta's Next Dividend Date 2024

Vedanta's next dividend date is May 25th, 2024. This is the first interim dividend record date for the financial year. The company has been consistent in giving the shareholder's dividend profit for each quarter. Last year's divined date was December 27th, with a dividend amount of 11 rupees. For the previous year's dividend date, the amount and payment details are as follows:. 

The dividend amount for this year is yet to be announced. The company had paid a Rs 37,572 crore dividend for the previous year, which is FY 23. For the current year, we have to wait for the number that will be released in the investors' meeting presentation.  

Vedanta Share Price 

The Vedanta share price has steadily increased for almost a decade. The company has shown a noticeable price rise in its stocks in terms of monetary value. We have given the price graph for 10 years, from 2014 to 2024.

The company share price had fluctuated heavily with two v-shaped recovery curves, one in 2016 and other in 2020. In the first v-shaped curve, the cause is not known to us. The second one which is 2020, is pretty obvious due to the COVID lockdown, which led to a fall in prices. The company is poised to earn greater equity share prices. 

The share price of the company when the stock market closed today was 433 rupees. 

Today closing price is 433 Rs.

Vedanta Fund Raising

The Vedanta is now raising funds to replenish the capital investments and other ancillary activity through funds, as the company stated in its communication to BSE.  There are many ways a company can raise funds for its investments, but the company has chosen these methods. 

• Equity shares
• Other securities convertible into equity shares
• Public offer
• Rights issue
• American Depository Receipts (ADR)
• Global Depository Receipts (GDR)
• Foreign Currency Convertible Bonds (FCCB)
• Qualified Institutions Placement (QIP)
• Preferential issue
• Any other method permitted under applicable laws

Apart from these methods, the company can raise funds through debt financing.