Board Of Vedanta Group Stock To Meet On March 21 For 4th Dividend, Sets Record Date

Board of directors of Vedanta Group stock, Hindustan Zinc Ltd are all set to meet on March 21, 2023 to consider fourth interim dividend for the financial year 2022-23. The company has fixed March 29, 2023 as the record date for fourth interim dividend, if declared. Soon after this announcement, share of Hindustan Zinc Ltd rallied over 2% in trade on March 17, 2023. Check details below:

Hindustan Zinc Ltd To Hold Meeting For Interim Dividend, Sets Record Date: According to the BSE filing of the Hindustan Zinc Ltd, "In terms of Regulation 29 and 42 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 we wish to inform you that the meeting of the Board of Directors of the Company will be held on Tuesday, March 21, 2023 to consider fourth interim dividend on equity shares, if any, for the Financial Year 2022-23."
The Record date for eligibility of fourth interim dividend, if any, so declared will be Wednesday, March 29, 2023.

Hindustan Zinc Ltd Stock Performance & Return: The current market price of Hindustan Zinc Ltd is Rs 310.95 apiece with gain of 2.02% in trade today on BSE. The stock's 52-week high is Rs 383.00 apiece and 52-week low is Rs 242.40 apiece, respectively. The company has a market capitalisation of Rs 1,31,386.29 crore. The stock gave 2% return in last 1-week, declined 2% in last 3-months, gave 5% return in last 2-years, and 132% return in last 3-years.

Hindustan Zinc About: It is a subsidiary of Vedanta Limited which owns 64.9% stake in the Company while the Government of India retains a 29.5% stake. It is listed on the NSE and BSE. Hindustan Zinc is India's largest and world's second largest zinc-lead miner. With a total R&R base of 447.9 Mt and an average zinc-lead grade of 7.8%, its mine life is over 25 years. Itsfully integrated zinc operations currently hold 80% market share in India's primary zinc industry. It is the 6th largest silver producers globally with an annual capacity of 800 MT, according to its official website.

Disclaimer: The stock is expected to declare interim dividend and board of directors will hold meeting later this month. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.