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Vedanta shares may remain rangebound on demerger concerns, Citi saysVedanta distributed a total dividend of ₹43.5 per share in FY25. Citi estimates that the company could declare around ₹40 per share in dividends for FY26.By Meghna Sen   August 22, 2025, 8:58:56 AM IST (Updated)2 Min ReadShares of Vedanta Ltd. will be in focus on Friday, August 22, after the Anil Agarwal-owned mining conglomerate announced a second interim dividend for the financial year 2025-26, post market hours on Thursday (August 21).

Global brokerage firm Citi has maintained a 'Buy' rating on Vedanta with a price target of ₹500 per share. Citi's target implies a further upside of 12% from the current market levels.

Vedanta's board approved a second interim dividend of ₹16 per share, implying a cash outflow of ₹6,260 crore ($720 million).

The record date for the dividend has been fixed as August 27, 2025.

This comes after the company declared its first interim dividend of ₹7 per share in June 2025, which Citi said was broadly supported by dividend inflows from its subsidiary Hindustan Zinc Ltd. (HZL).

For context, Vedanta distributed a total dividend of ₹43.5 per share in FY25. Citi estimates that the company could declare around ₹40 per share in dividends for FY26.

The brokerage added that Vedanta's stock is likely to move in line with aluminium and zinc LME prices in the medium term. However, concerns over delays in the company’s planned demerger could keep the stock rangebound in the near term.

The National Company Law Tribunal (NCLT) deferred the hearing to September 17 on the company's proposed demerger. The postponement follows serious objections raised by the Central Government, which claimed the move could hinder its ability to recover dues from the company. about it here

At the end of the June quarter, Vedanta had over 20.3 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh, who owned over 11.6% stake in the company.

Of the 15 analysts that have coverage on Vedanta, 10 of them have a 'Buy' rating, four have a 'Hold' rating, while one has a 'Sell' recommendation on the stock.

Shares of Vedanta settled 0.36% higher on Thursday, ahead of the dividend announcement, at ₹447.1. On a year-to-date basis, the stock has remained flat.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.First Published: Aug 22, 2025 8:55 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayVedantaVedanta Share Price