Thanks for sharing!
The hype of dividend from yesterday is not sustained, as it shouldn’t anyway. The dividend payout ratios are not sustainable at all. Today’s news is a much bigger shock for Vedanta. The demerger has always been considered as the key factor for potential rally. Retail investors had a lot of hopes from this, I did so last year, until they started delaying it.
Deferring it to 17th September basically means that the demerger will be extremely hard to achieve by the end of September as they promised. And if the hearing is not successful, 17th September will be a dark day for Vedanta. What do you think the dividend will be for tomorrow?