The company had announced Rs 31.50/share and Rs 19.50 in its first and second dividends respectively.

At today’s meeting, Vedanta’s board of directors approved the fifth interim dividend, which was Rs 20.50 per share, for FY23. Friday, April 7, 2023, will serve as the dividend payment record date. The interval profit will be paid inside the specified timetables as endorsed under the law, the organization said.

“Approved the Fifth Interim Dividend, which is Rs 20.50 per equity share, or Rs 7,621 crores, or 2050% on the face value of Rs 1 per share, for the fiscal year 2022–23. “The record date for the purpose of dividend payment is Friday, April 7, 2023,” the company led by Anil Agarwal stated in an exchange filing.

In January, the business made the announcement of its fourth dividend, which was Rs 12.50 per equity share. In November, the company paid Rs 17.50 per equity share, or Rs 6,505 crore, in the third dividend.

In its first and second dividends, the business had announced Rs 31.50 per share and Rs 19.50, respectively.

The organization on Thursday had said its board will one week from now to consider and support the fifth interval profit for FY ’23.

The declaration came days after Vedanta Assets which is a larger part investor of Vedanta expressing that it has an adequate number of means to meet obligation reimbursement liabilities in the approaching quarters as it hoped to mollify financial backer worries around its monetary position.

Vedanta Resources stated in a statement that the tie-up of USD 1.75 billion through a combination of syndicate loan and bilateral bank facilities is nearing completion.

Vedanta Assets had said it had prepaid obligation was all due for reimbursement till Walk 2023, deleveraging by $2 billion in the beyond 11 months.

Further, it is certain of meeting its liquidity prerequisites for the quarter finishing June 2023.

Recently, Vedanta Resources announced that it had paid back all of the $250 million it borrowed from Barclays Bank and Standard Chartered Bank.