Vedanta Share Price in Focus; Board to Consider Fourth Interim Dividend

Vedanta Limited has informed the exchanges that its Board of Directors will meet on December 16, 2024, to discuss the approval of the fourth interim dividend for the financial year 2024-25. The record date is December 24, 2024.

Meeting Details

The company has also notified that, as per the Securities and Exchange Board of India regulations, the trading window will remain closed for all Designated Persons from Thursday, December 12, 2024, until Wednesday, December 18, 2024, both days inclusive.

This is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s Insider Trading Prohibition Code.

The record date for determining the entitlement of equity shareholders for the dividend, if declared, will be Tuesday, December 24, 2024. The notice has been issued to inform the stakeholders of these developments.

Vedanta to Invest 1 Trillion for Expansion in Rajasthan

As per news reports, at the opening session of the Rising Rajasthan Global Investment Summit 2024 on Monday, leading industrialists shared their investment plans for the state. Among them, Vedanta Group Chairman Anil Agarwal pledged an investment of ₹1 trillion to enhance zinc and oil production, which is expected to create 100,000 jobs.

Hindustan Zinc’s Ongoing Contribution

Agarwal further noted that Hindustan Zinc, part of the Vedanta Group, has already invested ₹1 trillion in Rajasthan. The company contributes ₹50,000 crore in taxes annually, with ₹10,000 crore allocated to the state government.

Vedanta Share Price Performance

On December 12, 2024, Vedanta’s share price (NSE: VEDL) showed a positive movement, trading 0.65% higher at ₹517.70 at 9:50 AM on the NSE. The stock opened at ₹519, which was higher than its previous closing price of ₹514.35. Over the past 5 days, Vedanta has gained 9.81%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.