Team News Riveting
New Delhi, May 13
The Board of Directors of the Vedanta Limited will meet on May 16 to consider raising fund and first interim dividend for the financial year 2024-25.
In a regulatory filing here today, the London-listed company said: Pursuant to Regulation 29 of Listing Regulations, Notice is hereby given that the meeting of the Board of Directors of the Company (the “Board”) is proposed to be scheduled on Thursday, May 16, 2024, inter alia to consider and approve the following:
1. First Interim Dividend on equity shares, if any, for the Financial Year 2024-25. Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Saturday, May 25, 2024.
2. Raising of funds by issue of equity shares or any other securities convertible into equity shares or a combination of such securities by way of further public offer, rights issue, American Depository Receipts/Global Depository Receipts/Foreign Currency Convertible Bonds, qualified institutions placement, preferential issue or any other method as may be permitted under applicable laws, subject to such regulatory/statutory approvals, including approval of the notice for the general meeting for obtaining the shareholders’ approval in this regard, as may be required.
