thenewsfacts.com
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
thenewsfacts.comthenewsfacts.com
Font ResizerAa
Search
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
Follow US
© thenewsfacts : All Rights Reserved.

Home » Vedanta Steals The Spotlight Today On The Indian Stock Market

Trending News

Vedanta Steals The Spotlight Today On The Indian Stock Market

TheNewsFacts
Last updated: July 20, 2022 4:48 pm
TheNewsFacts
Share
Vedanta Steals The Spotlight Today On The Indian Stock Market
SHARE

Vedanta was the star of the Indian Stock market today as the shares of the company rose sharply in the morning trade on July 20, a day after the company announced a hefty second interim dividend. The government’s decision to slash additional excise duty imposed on crude oil production also gave a boost to the stock.

Vedanta announced a Rs 19.5 a share second interim dividend that will result in a dividend payout of Rs 7,250 crore. The company’s total dividend payout for 2022-23 is now close to Rs 19,000 crore.

Vedanta continues to payout great dividends

The large dividend payout is important for Vedanta’s promoter Vedanta Resources that is hurting from a high debt burden at a time when global interest rates have risen sharply.

Vedanta’s promoter had aggressively taken on debt from investors in the run-up to its now failed delisting offer in 2020.

TAGGED: Vedanta, Vedanta Share Price
Share This Article
Twitter Email Copy Link Print
Previous Article Barcelona Signs the Big Striker Lewandowski for nearly 50M Euros Barcelona Signs the Big Striker Lewandowski for nearly 50M Euros
Next Article New Peer Review Proves COVAXIN Booster Dose Provides Multiple Benefits New Peer Review Proves COVAXIN Booster Dose Provides Multiple Benefits

Your Trusted Source for Accurate and Timely Updates!

We're committed to providing accurate and unbiased news as it unfolds, earning the trust of a large audience. Stay informed with our news updates on the latest events and trends, keeping you ahead of the curve.
FacebookLike
TwitterFollow
InstagramFollow

Popular Posts

Over 2.5 billion doses of COVID-19 Vaccines given in the world

The biggest vaccination campaign in history is underway. According a Bloomberg report More than 2.55…

By TheNewsFacts

Fans Eager for Kanguva: Pre-Release Buzz Reaches New Heights

October 25, 2024: With the November 14, 2024 release of Kanguva fast approaching, early reviews…

By TheNewsFacts

Eight Time Wimbledon Champion Roger Federer all set to enthrall

The good news for Federer fans is that the eight-time champion is back at the…

By TheNewsFacts

You Might Also Like

Kankhajura review
Entertainment

Kankhajura Review: A Must-Watch for the Sheer Intensity Alone

By TheNewsFacts
Housefull 5
Entertainment

Housefull 5 Goes Wild with Triple Trouble and Cruise Chaos

By SK Panicker
AM Green
Business

AM Green, Port of Rotterdam To Enable 1 MTPA , $1B Trade for Green Fuels

By TheNewsFacts
Hera Pheri 3
Entertainment

Hera Pheri Loses Its Soul; Suniel Shetty Shocked

By TheNewsFacts
thenewsfacts thenewsfacts

About US


TheNewsFacts: Brings you the interesting facts, news facts and updates from India an the world across politics, tech, entertainment, business, tending, and more. We deliver what you love to read.
Top Categories
  • Latest News
  • Trending News
  • Paris Olympics 2024
  • Sports
  • Entertainment
  • Business
  • Technology
Usefull Links
  • About The News Facts
  • Latest News
  • Privacy Policy
  • Editorial Policy
  • Disclaimer
  • Contact Us
Follow us
Facebook Twitter Instagram

© thenewsfacts. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?