Vedanta Ltd announced the sale of a 1.6% stake in Hindustan Zinc for Rs 3,028 crore on June 18. Along with this stake sale, the company also declared its first interim dividend of Rs 7 per share for the financial year 2025-26.
Details of the Stake Sale and Dividend Declaration
- The Board of Directors of Vedanta Ltd approved the First Interim Dividend of Rs 7 per equity share for FY26, totaling Rs 2,737 crore.
- The record date for dividend payment is set for June 24, 2025.
- Vedanta sold 66.7 million shares in Hindustan Zinc through an accelerated bookbuild process, generating Rs 3,028 crore.
- The shares were sold at Rs 453.97 per share.
Impact on Stock Prices
- Post the sale, Hindustan Zinc shares were trading 6% lower at Rs 457 apiece.
- Vedanta Ltd shares were trading 0.22% higher at Rs 460 apiece.
Key Takeaways for Competitive Exams
- Vedanta Ltd announced the sale of a 1.6% stake in Hindustan Zinc for Rs 3,028 crore and declared a first interim dividend of Rs 7 per share for FY26.
- The company aims to strengthen its balance sheet through these strategic financial moves.
- Investor confidence in Vedanta’s strategic direction is reflected by this transaction.
- Understanding corporate finance nuances, capital allocation, and dividend policies showcased through this event is crucial for competitive exam preparations.
