Tuesday marks the ex-date and record date for Vedanta Ltd. shares, making today the last day for investors to purchase shares to qualify for the fourth interim dividend payout.
Vedanta had declared a dividend of Rs 8.50 per equity share with a face value of Rs 1, and the record date for eligibility is set for Tuesday, Dec. 24.
Under the T+1 settlement mechanism, investors must ensure their purchase is completed a day before the record date. This means shares bought on Monday will be settled in time for shareholders' names to appear on the company's records on Tuesday, securing their entitlement to the dividend.
Investors aiming to benefit from the dividend must ensure their purchases are completed on Monday to be included in the company’s shareholder records on the record date.