{"id":380637,"date":"2020-10-26T11:57:09","date_gmt":"2020-10-26T06:27:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380637"},"modified":"2020-10-26T13:01:14","modified_gmt":"2020-10-26T07:31:14","slug":"vedanta-pays-476-million-dividend-before-potential-downgrade","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-pays-476-million-dividend-before-potential-downgrade\/","title":{"rendered":"Vedanta pays $476 million dividend before potential downgrade"},"content":{"rendered":"<p>Billionaire Anil Agarwal\u2019s Indian commodities major will pay about $476 million in dividends to investors as a potential credit ratings downgrade looms at its parent Vedanta Resources Ltd.<\/p>\n<p>Vedanta Ltd. approved a dividend of 9.50 rupees a share amounting to 35 billion rupees ($476 million), according to an exchange filing Saturday. The outflow follows $1.2 billion in payouts announced by cash cow unit Hindustan Zinc Ltd. earlier this week. <\/p>\n<p>The payout will also come as a relief for Vedanta\u2019s minority shareholders, after the company didn\u2019t pass on a previous dividend in May by Hindustan Zinc to them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Anil Agarwal\u2019s Indian commodities major will pay about $476 million in dividends to investors as a potential credit ratings downgrade looms at its parent Vedanta Resources Ltd. Vedanta Ltd. approved a dividend of 9.50 rupees a share amounting to 35 billion rupees ($476 million), according to an exchange filing Saturday. The outflow follows $1.2 billion in payouts announced by cash cow unit Hindustan Zinc Ltd. earlier this week. The payout will also come as a relief for Vedanta\u2019s minority shareholders, after the company didn\u2019t pass on a previous dividend in May by Hindustan Zinc to them.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-380637","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=380637"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380637\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}