Stocks

16.5% interim: Hindustan Zinc gets nod

PTI New Delhi | Updated on May 15, 2020

The board of Hindustan Zinc (HZL), a subsidiary of Vedanta, has approved an interim dividend of ₹16.5 an equity share for FY20 amounting to ₹6,972 crore. Vedanta owns 64.9 per cent stake in the company, while the Centre retains a 29.54 per cent stake.

Hindustan Zinc has intimated that its board of directors, through a resolution passed by circulation on Tuesday, has approved interim dividend on face value of ₹2 per share for the financial year 2019-20 amounting to ₹6,972 crore, Vedanta informed the BSE on Friday. Hindustan Zinc is one of the largest integrated producers of zinc and lead and a leading producer of silver.

Published on May 15, 2020

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