News

Vedanta Dividend: Board approves third interim payout worth ₹11 apiece; Details hereAs of the December quarter, Vedanta Ltd. had 19.75 lakh small retail shareholders, or those with authorized share capital of up to ₹2 lakh. These shareholders held a 11.2% stake in the company.By Hormaz Fatakia   March 23, 2026, 3:00:17 PM IST (Updated)2 Min ReadThe board of Anil Agarwal-led mining conglomerate Vedanta Ltd. has approved a third interim payout of ₹11 per share for its shareholders for financial year 2026.

Record date for this dividend payout has been fixed as Friday, March 27.

Vedanta's board had already paid dividends worth ₹23 per share to its shareholders for financial year 2026, which included a first interim payout of ₹7 per share, on June 18, 2025. That had entailed a total payout of over ₹2,400 crore for the company, while the second interim payout, announced in August, was for ₹16 per share, and led to an outgo of over ₹6,200 crore.

With this, the total dividend paid by Vedanta so far for its shareholders is ₹34 per share. The third interim payout will result in a total outgo of ₹4,300 crore, of which, promoter Vedanta Resources will get dividends worth over ₹2,500 crore.

Promoter Vedanta Resources continues to retain majority stake in the Indian listed entity, which is set for a demerger into five separate ones. Vedanta Resources currently owns 56.38% stake in the Indian listed entity.

As of the December quarter, Vedanta Ltd. had 19.75 lakh small retail shareholders, or those with authorized share capital of up to ₹2 lakh. These shareholders held a 11.2% stake in the company. Foreign institutions held 12.5%, LIC had close to 5% stake, while India's Mutual Funds, held a 8.4% stake in the company at the end of the December quarter.

In a note on January 30 this year, brokerage firm Citi had raised its target on Vedanta to ₹900 per share, and had projected a dividend payout of ₹40 apiece for financial year 2026. With ₹23 per share having already being paid, based on Citi's estimates, another ₹17 per share worth of dividends are in the offing for Vedanta's shareholders.

Shares of Vedanta are trading 4% lower on Monday, in-line with the sell-off in the market in metal stocks is ₹644.8. The stock is down 13% from its recent record high levels of ₹769.8, but is still higher by 11% on a year-to-date basis.Continue ReadingFirst Published: Mar 23, 2026 5:12 AM ISTTagsDividend stocksshare market todayVedantaVedanta Share PriceVedanta shares