Vedanta To Trade Ex-Dividend Tuesday — Today Is The Last Day To Buy Shares For Eligibility
The iron ore mining company declared a dividend of Rs 8.50 per equity share with a face value of Rs 1.
Tuesday marks the ex-date and record date for Vedanta Ltd. shares, making today the last day for investors to purchase shares to qualify for the fourth interim dividend payout.
Vedanta had declared a dividend of Rs 8.50 per equity share with a face value of Rs 1, and the record date for eligibility is set for Tuesday, Dec. 24.
Under the T+1 settlement mechanism, investors must ensure their purchase is completed a day before the record date. This means shares bought on Monday will be settled in time for shareholders' names to appear on the company's records on Tuesday, securing their entitlement to the dividend.
Vedanta had announced the fourth interim dividend on Dec. 16, with a total payout of Rs 3,324 crore to shareholders. This comes after three previous dividends in fiscal 2025: Rs 20 per share in September, Rs 4 per share in August, and Rs 11 per share in May. In total, Vedanta has disbursed Rs 13,686 crore to shareholders so far this fiscal year in dividends.
Investors aiming to benefit from the dividend must ensure their purchases are completed on Monday to be included in the company’s shareholder records on the record date.
Demerger Revision
On Friday, the company announced plans to retain its base metals unit with the parent company, instead of listing it as a separate entity. The decision was announced on Friday as part of Vedanta's restructuring strategy.
Initially, Vedanta had proposed to demerge its aluminium, power, energy, base metals, and iron and steel units into separate entities. However, after deliberations with stakeholders, including lenders, the company has revised its plan.
Under the updated scheme, wholly owned subsidiaries Vedanta Aluminium Metal Ltd., Talwandi Sabo Power Ltd., Malco Energy Ltd., and Vedanta Iron and Steel Ltd. will proceed with the demerger. Meanwhile, the parent company will retain Vedanta Base Metals Ltd.
The management clarified that a demerger of the base metals unit might be considered in the future, once the business has evolved and matured sufficiently to unlock its full value for shareholders.
The market reacted positively to this revised plan, with Vedanta shares showing a modest recovery in early trading on Monday.
Vedanta Share Price Today
Vedanta stock rose as much as 1.52% during the day to Rs 484.50 apiece on the NSE. It was trading 0.78% higher at Rs 480.95 apiece, compared to a 1.14% advance in the benchmark Nifty 50 as of 11:20 a.m.
It has risen 83.68% in the last 12 months and 85.82% on a year-to-date basis. The relative strength index was at 48.87.
Nine out of the 15 analysts tracking the mining company have a 'buy' rating on the stock, five recommend a 'hold' and one suggests a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 525.47, implying an upside of 9.2%.
