On March 22, 2017, the management of Hindustan Zinc Limited (HZL) announced a special one-time interim dividend of 1375% equivalent to Rs.27.50 on an equity share of face value Rs. 2. The announcement of a special dividend resulted in a cash outflow of Rs. 139,850 million, including the Dividend Distribution Tax (DDT).
The golden jubilee dividend paid in the month of April 2016 and the interim dividend paid in the month of October 2016, took the total dividend paid by HZL during the year to Rs.271,570 million, resulting in the single largest payment of dividend in a financial year by an Indian company, inclusive of DDT .

Announcing the special one-time interim dividend, the chairman of Vedanta Group, Agnivesh Agarwal, said, “We are pleased to reward our shareholders with a special dividend, which reflects the Company’s confidence in its continued robust performance and demonstrates our commitment towards delivering value for our shareholders. Since disinvestment by the Government in 2002, the cumulative dividends paid by the Company, including the current special dividend, is Rs. 375,170 million including dividend distribution tax.”...

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