Mon Dec 16 17:53:47 UTC 2024: ## Vedanta Declares Rs 8.5 Interim Dividend, Ratings Upgrade

**MUMBAI, Dec 16, 2024** – Vedanta Ltd. announced a fourth interim dividend of Rs 8.5 per share for the fiscal year 2024-25, totaling Rs 3,324 crore. The record date for the dividend payout is December 24th. The news came after market close, following a day where Vedanta’s stock closed slightly down at Rs 513.40 despite hitting a record high of Rs 527 earlier in the trading session. The company’s market capitalization dipped to Rs 2 lakh crore.

In other news, India Ratings and Research Private Limited upgraded Vedanta’s Non-Convertible Debentures (NCDs) rating to ‘IND AA-/Rating Watch with Developing Implications,’ while withdrawing the rating on its commercial paper.

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