MUMBAI, March 30, 2017 /PRNewswire/ --
The Board of Directors of the Company have approved the second
Interim Dividend of Rs.17.70 per
equity share i.e. 1770 % on face value of Re.1/- per share for the
Financial Year 2016-17. The record date for the purpose of payment
of dividend is Wednesday, April 12,
2017.
Further, the Board has also approved dividend of Rs.17.70 per equity share to shareholders of
Cairn India Limited, who will become shareholders of the Company
pursuant to the Scheme of Arrangement between Vedanta Limited and
Cairn India Limited ("Scheme"). The dividend would be paid to the
Cairn India Limited shareholders as on a Record date to be fixed
after the Scheme becomes effective.
The total amount of Dividend Payout including that to Cairn
shareholders is Rs. 6,580 Crore.
About Vedanta Limited (Formerly SesaSterlite Ltd.)
Vedanta Limited is a diversified natural resources company,
whose business primarily involves producing oil & gas, zinc -
lead - silver, copper, iron ore, aluminium and commercial power.
The company has a presence across India, South
Africa, Namibia,
Australia and Ireland.
Vedanta Limited is the Indian subsidiary of Vedanta Resources
Plc, a London-listed company.
Governance and Sustainable Development are at the core of Vedanta's
strategy, with a strong focus on health, safety and environment and
on enhancing the lives of local communities. The company is
conferred with the Confederation of Indian Industry (CII)
'Sustainable Plus Platinum label', ranking among the top 10 most
sustainable companies in India. To
access the Vedanta Sustainable Development Report 2016, please
visit
http://sustainabledevelopment.vedantaresources.com/content/dam/vedanta/corporate/documents/Otherdocuments/SDreport2015-16/Vedanta%20SDR%20FY%2015-16.pdf
Vedanta Limited is listed on the Bombay Stock Exchange and the
National Stock Exchange in India
and has ADRs listed on the New York Stock Exchange.
For more information please visit www.vedantalimited.com
Vedanta Limited (Formerly known as SesaSterlite
Limited)
Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai - 400
099
www.vedantalimited.com
Registered Office:
SesaGhor, 20 EDC Complex,
Patto, Panaji (Goa) - 403 001
CIN: L13209GA1965PLC000044
Disclaimer
This press release contains "forward-looking statements" – that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward–looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets including the London Metal Exchange, fluctuations in
interest and or exchange rates and metal prices; from future
integration of acquired businesses; and from numerous other matters
of national, regional and global scale, including those of a
political, economic, business, competitive or regulatory nature.
These uncertainties may cause our actual future results to be
materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements
For further information, please contact:
Communications
Roma Balwani
President – Group Communications, Sustainability& CSR
Tel: +91-22-6646-1000
gc@vedanta.co.in
Investor Relations
Ashwin Bajaj
Director - Investor Relations
Tel: +91-22-6646-1531
vedantaltd.ir@vedanta.co.in
Aarti
Raghavan
VP – Investor Relations
Vishesh
Pachnanda
Manager – Investor Relations
Sneha
Tulsyan
Associate Manager – Investor
Relations