Commodities
Vedanta-Owned Hindustan Zinc to Pay $958 Million Dividend
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Vedanta group’s Hindustan Zinc Ltd. will pay about 80.3 billion rupees ($958 million) as second mid-year dividend for the financial year that started on April 1.
The company’s board approved 19 rupees a share dividend on Tuesday, according to a filing to stock exchanges. Billionaire Anil Agarwal-owned metals and mining major Vedanta Ltd. is the founder and biggest shareholder of the zinc and silver producer, with a 63.4% stake after selling a 1.5% stake in the unit through an offer on stock exchanges.