Vedanta Ltd Announces Third Interim Dividend for FY'25

Vedanta Ltd announced a third interim dividend of Rs 20 per share, totaling Rs 13,474 crore for FY'25. The total dividend for FY'24 was Rs 29.5 per share. The strategy helps pare down debt for both Vedanta Ltd and its parent company, Vedanta Resources. The company is also progressing with its demerger plans.

Vedanta Ltd, under the leadership of Anil Agarwal, has declared a third interim dividend of Rs 20 per share for the current fiscal year. This new payout increases the total dividend payout for FY'25 to Rs 13,474 crore.

Previously, the board had approved two interim dividends amounting to Rs 5,653 crore. The dividends have been part of a strategic plan to improve investor returns, with a five-year total shareholder return and dividend yield of 276% and 65%, respectively.

In parallel, Vedanta is also moving forward with plans to de-leverage its balance sheet and boost capital structure, including a significant reduction of debt by USD 3 billion over three years. The demerger effort, once approved, aims to attract substantial investments by forming sector-focused businesses.

(With inputs from agencies.)