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Shares of Nava Ltd are expected to be in focus on Monday after the ferro-alloy manufacturer received shareholder approval for a stock split, which will reduce the face value of each equity share from Rs 2 to Rs 1. The approval was obtained through a postal ballot process that concluded on December 21, as per an exchange filing.
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Vedanta shares fell 2.6% as they traded ex-dividend on December 24. The company announced an Rs 8.5 per share interim dividend for FY25, bringing the total payout to Rs 16,798 crore. Vedanta reported a Rs 5,603 crore profit for Q3 FY24 despite a 4% decline in revenue.
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The government says it will "restore clarity" for vehicle manufacturers and the charging industry.
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News and Media
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