Mining major Vedanta, a subsidiary of London-headquartered Vedanta Resources (VRL), has convened a board meeting on May 22 to consider the first dividend for FY24.
The record date for the dividend, if declared, has been fixed as May 30, the company said in a stock exchange update late Wednesday. Further details were not provided.
Following the announcement, the firm’s shares rose by 1.74% to Rs 284.20 in intra-day trade. The move came at a time when its parent VRL was seeking to shore up funds to trim debt.
