Vedanta shares gain 5% ahead of board meet to consider dividend, fund raising plans

Additionally, the board will also deliberate on various fundraising strategies, including the issuance of equity shares or other convertible securities, according to a stock exchange filing.

The fund raising proposals will not be limited to public offers, rights issues, ADRs, GDRs, QIPs, preferential issue or any other method permissible.However, any decision in this regard will be subject to regulatory and statutory approvals, including the consent of the shareholders obtained through a general meeting.

The mining conglomerate had paid total dividends worth ₹37,573 crore in financial year 2023. The previous two instances has seen the company pay dividends worth ₹11 per share and ₹18.5 per share.

Recently, Vedanta's subsidiary Hindustan Zinc had announced its first interim dividend of ₹10 per share for financial year 2025. Vedanta, with its 64.92% stake in the company received a total payout of ₹2,743 crore.

In an analyst meet held in February this year, Vedanta had guided for reducing debt by $3 billion by financial year 2027. The management had said that this will be done without adding any further incremental debt to the books of the Indian listed entity.

The street has raised concerns over Vedanta's possibilities to fund its debt repayments due this year and the next. Earlier this year, Vedanta Resources, the parent entity, had received consent from bondholders to restructure four

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