https://www.cnbctv18.com/market/vedanta-share-price-dividend-bonanza-is-behind-last-resorts-divestments-of-assets-or-stake-17729601.htm
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9/6/23 at 8:10am
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CNBCTV18
Author
Meghna Sen
As per Kotak, hefty dividends by Vedanta and Hindustan Zinc in fiscal 2023 shifted Vedanta Resources' debt to Vedanta Ltd. Hindustan Zinc's entire surplus cash has been given out as dividends. "High leverage and negative free cash flow due to growth capex sug…
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