On November 16, Vedanta Group’s Anil Agarwal-led informed the board of directors (BOD) that the company will consider the proposal for payment of a third interim dividend for the year 2022-23, which will be approved in the meeting held on November 22.

As per the filing with the exchanges, “Pursuant to Regulation 29 of Listing Regulations, Notice is hereby given that the Board of Directors of the Company (the “Board”) on Tuesday, November 22, 2022, will consider and approve Third Interim Dividend on equity shares, if any, for the Financial Year 2022-23.”

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On November 30, the record date to determine the entitlement of equity shareholders of dividends will be fixed. From November 18 2022, to November 24 2022, the trading window will remain closed for dealing in securities of Vedanta for all designated persons.

The board of directors of Vedanta company announced the first interim dividend of Rs 31.5 per equity share of Rs 3,150 per cent of the face value of Re 1 per share for FY22-23, paid in May 2022. In July, the company was paid Rs 19.50 per equity share for a second interim dividend for FY22-23 of Rs 7,250 crore. On November 16 2022, the company’s shares closed 1.62 per cent lower at Rs 306.90 per share on NSE.