Vedanta shares attracted bullish interest in the stock market following the announcement of the dividend record date. In the early morning trading, Vedanta’s stock price opened higher and reached a peak of ₹284.20 per share on the NSE, marking a approximately 1.70 percent increase compared to its closing price of ₹279.45 on the previous day. The company declared its intention to consider and approve a second interim dividend for the financial year 2023-24 during a board meeting scheduled for May 22, 2022. Notably, the dividend record date has been set for May 30, 2023. Vedanta officially notified the Indian stock exchanges regarding the interim dividend declaration, stating, “In accordance with Regulation 29 of the Listing Regulations, we hereby announce that the Board of Directors of the Company (the ‘Board’) is proposed to convene on Monday, May 22, 2023, to discuss and approve the First Interim Dividend on equity shares, if any, for the Financial Year 2023-24.
