Vedanta to Propose First Post-Demerger Interim Dividend, Shares Rise 4%
Vedanta announced that its board will meet later this week to consider an interim dividend, the first since its April demerger, sending the stock up about 4% on the NSE.
Vedanta disclosed that its board will convene on October 8 to propose an interim dividend for the 2026-27 financial year, marking the first such distribution since the company completed a demerger in April that created five separate listed firms. The company set October 14 as the record date to determine which shareholders will receive the dividend, if approved. The announcement lifted the share price, which opened at ₹257.20 on the National Stock Exchange and rose to ₹264.90, a gain of roughly 4%, with more than 7 million shares traded.
The demerger had previously allocated one share of each new entity to existing Vedanta shareholders as of the April 30 record date. Technical analyst Harish Jujarey of Prithvi Finmart said the stock remains in a broad consolidation range, with support near ₹249 and resistance around ₹270 to ₹290. He warned that a decisive close below ₹249 could trigger further downside.
