What's Afoot: Vedanta likely to be a good bet on higher dividend expectation

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Vedanta’s management is quite confident of its debt decreasing in FY22, so there is a deleveraging that is going to happen at the company. The net debt of Vedanta Ltd, ex-Hindustan Zinc, is close to USD 5 billion and at the parent level, the debt is close to USD 7.5 billion.

Vedanta’s management is quite confident of its debt decreasing in FY22, so there is a deleveraging that is going to happen at the company. The net debt of Vedanta Ltd, ex-Hindustan Zinc, is close to USD 5 billion and at the parent level, the debt is close to USD 7.5 billion.
There are a lot of speculations around dividend as well. Vedanta has received close to USD 1.4 billion from Hindustan Zinc in FY21, but they have up-streamed only USD 480 million. Hence, there is a market expectation that the dividend will go up from Vedanta going forward. Vedanta’s management has also clarified that they will focus on dividend policy and cash flows.
Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.

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