InvestorQ : Can you tell me about the latest interim dividend announced by HZL?
Tisha Malhotra made post

Can you tell me about the latest interim dividend announced by HZL?

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Aashna Tripathi answered.
1 month ago
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Hindustan Zinc, part of the Vedanta group, announced an interim dividend of Rs21 per equity share. The company has fixed 21st July as the record date for the dividend pay-out and this is likely to entail an outflow of Rs8,873 crore for the company. Needless to say, the biggest beneficiary of this dividend will be Vedanta which owns 64.9% in HZL.

The government of India currently owns 29.5% in Hindustan Zinc and it has now been decided by the government to offload the entire stake in HZL via the open market. However, this sale is either likely to be done in tranches in the open market or it could be a bulk sale to a strategic buyer. Vedanta has expressed interest in buying out the government stake.

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