Vedanta Ltd. has declared its third interim dividend for the fiscal 2025-26, worth Rs 11 per share with a face value of Rs 1, according to an exchange filing from the company on Monday. The total amount to be disbursed from this interim dividend by the company adds up to Rs 4,300 crore.
The company has set March 28 as the record date to determine the eligibility of shareholders to whom the dividend will be paid.
"The interim dividend shall be duly paid within the stipulated timelines as prescribed under law," the exchange filing said.
The firm is also engaging in fundraising activities as the company issued non-convertible debentures to raise Rs 2,575 crore after notable demand from institutional investors such as ICICI Prudential Mutual Fund, Kotak Mutual Fund and Aditya Birla Sun Life Mutual Fund, according to reports.
The company's base issue of Rs 2,000 crore was oversubscribed when it opened, prompting it to exercise a Rs 575 crore greenshoe option, taking the total issue size to Rs 2,575 crore, the reports said.
The three-year unsecured, rated and listed debentures were priced at a coupon of 8.95%, lower than the cost in the company's recent borrowings. The issue received an 'AA' rating by Icra Ltd.
Other participants in the issuance included UTI Mutual Fund and ICICI Prudential Pension Fund, as well as banks and alternative investment funds as per sources.
The fundraising is part of Vedanta's efforts to diversify funding sources and consolidate its balance sheet as a part of its goals to refinance debt and drive down borrowing costs.
ALSO READ: Vedanta To Raise Rs 2,575 Crore Via NCDs; ICICI Prudential, Kotak MF Among Key Investors
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