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Vedanta announces ₹7 interim dividend for FY26, sells 1.6% stake in Hindustan Zinc

Vedanta
Vedanta Ltd, a prominent player in the mining and metals sector, has made significant moves to strengthen its financial position. On June 18, 2025, the company confirmed the sale of a 1.6% stake in its subsidiary, Hindustan Zinc, for an impressive ₹3,028 crore. This strategic decision is part of Vedanta's ongoing efforts to enhance its balance sheet and financial flexibility as it progresses towards a demerger into sector-focused entities.

In a stock exchange filing, Vedanta announced that it sold 66.7 million shares of Hindustan Zinc to institutional investors through an accelerated bookbuild process. The shares were sold at a price of ₹453.97 each, reflecting a strong demand from investors. Following the announcement, Hindustan Zinc shares were trading at ₹457 apiece, down 6%, while Vedanta's shares saw a slight increase of 0.22%, trading at ₹460.

In addition to the stake sale, Vedanta's Board of Directors declared a first interim dividend of ₹7 per equity share for the financial year 2025-26, amounting to ₹2,737 crore. The record date for this dividend payment is set for Tuesday, June 24, 2025. This move is expected to provide shareholders with a return on their investment while reinforcing Vedanta's commitment to delivering value to its stakeholders.

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The recent dividend announcement follows a series of interim dividends declared by Vedanta in the previous financial year. In December 2024, the company approved a fourth interim dividend of ₹8.5 per equity share, totaling approximately ₹3,324 crore. Earlier in the year, Vedanta had declared a third interim dividend of ₹20 per share in September, amounting to ₹7,821 crore, and a second interim dividend of ₹4 per share in July, totaling ₹1,564 crore. The first interim dividend of ₹11 per share in May 2024 aggregated to ₹4,089 crore.

Vedanta's strong financial performance has been a key driver behind these dividend declarations. In April 2025, the company reported a remarkable 154.4% increase in consolidated net profit, reaching ₹3,483 crore for the quarter ended March 31, 2025. This growth was attributed to lower costs and higher production volumes, showcasing Vedanta's ability to navigate market challenges effectively.

As Vedanta continues to execute its deleveraging and demerger initiatives, the recent capital raise from the stake sale is expected to bolster its financial standing. The company aims to enhance its operational efficiency and pursue independent growth plans for each of the demerged entities. This strategic direction reflects Vedanta's commitment to long-term value creation for all stakeholders.

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Vedanta's announcement of a ₹7 interim dividend for FY26, coupled with the sale of a 1.6% stake in Hindustan Zinc, underscores its proactive approach to strengthening its balance sheet and delivering value to shareholders. As the company moves forward, it remains focused on achieving sustainable growth and operational excellence in the mining and metals sector.

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