 "Hindustan Zinc to pay Rs 21 per share dividend, outflow at Rs 8,873 cr")
Hindustan Zinc on Wednesday announced an interim dividend of Rs 21 per equity share following a board meeting.
The company said that the dividend payout would lead to an outflow of Rs 8,873 crore. The record date for payment of the dividend would be July 21 and the dividend would paid within the stipulated timeline, the company said.
Shares of Hindustan Zinc ended trade on the BSE on Wednesday at Rs 271.85 apiece, up 1.44 per cent over the previous day's close. Anil Agarwal-led Vedanta has a 64.9 per cent stake in Hindustan Zinc. The Government of India owns 29.5 per cent in the company.
Last week, the Centre had sought bids from merchant bankers to assist it in offloading its 29.5 per cent stake in the company. The plan is to the sell the stake in the open market in tranches.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →Subscribe to Business Standard digital and get complimentary access to The New York Times
Quarterly Starter
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
Save 46%
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%