Vedanta Shares In Focus Ahead Of Dividend Decision, Rs 7,500 Cr HZL Stake Sale Likely
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Vedanta shares in focus today on account of first interim dividend announcement and likely block deal to offload Hindustan Zinc shares.
Vedanta Share Price: Mining giant Vedanta Ltd's shares are in the spotlight today ahead of the board meeting to consider the first interim dividend for the financial year 2025-26. Moreover, Vedanta Ltd will likely offload its stakes worth Rs 7,500 crore in subsidiary Hindustan Zinc via block deal.
The shares are likely to be offered at a discount of up to 10% to the previous closing price. DAM Capital and Citi are reportedly managing the deal as brokers, according to CNBC-TV18 report.
The Board of Directors is scheduled to meet on Wednesday, June 18, 2025, to consider and approve the first interim dividend on equity shares for the 2025-26 financial year.
On Tuesday, shares of Vedanta Ltd ended in red at Rs 461 apiece with a fall of 0.63 per cent. The scrip opened at Rs 464 apiece, against the previous day close at Rs 463 apiece.
Vedanta Dividend 2025 Record Date
The record date to determine shareholders' entitlement to the dividend, if declared, will be Tuesday, June 24, 2025.
Vedanta boasts nearly 20 lakh retail shareholders—those with authorised share capital up to Rs 2 lakh—who held an 11.25% stake in the company as of the end of the March quarter.
This dividend discussion follows Hindustan Zinc, a Vedanta unit, announcing a first interim dividend of Rs 10 per share for its shareholders. Vedanta Ltd. stands to receive up to Rs 3,000 crore from this payout, given its stake in Hindustan Zinc.
In a note dated May 1, brokerage firm JPMorgan projected that for the 2026 financial year, Vedanta's dividend payout might reduce by nearly half to Rs 25 per share, and is expected to remain stable in the 2027 financial year at Rs 27 per share.
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