Vedanta shares surge 3% after announcing Rs 5 interim dividend

Vedanta shares rose on Friday following the mining major's announcement of its first interim dividend of Rs 5 per share for the financial year 2026-27. The total payout amounts to Rs 1,955 crore.

This marks the company's first dividend distribution since its demerger into five separate entities. The demerger, which fragmented Vedanta into distinct business units, is expected to have implications for the company's future dividend policy and shareholder returns.

The market responded positively to the announcement, with the share price gaining over 3% on the news of the interim dividend payout.