Tycoon Agarwal's India Zinc Unit to Pay $506 Million Dividend to Ease Debt Burden [BNN Bloomberg (Canada)]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: BNN Bloomberg
The zinc maker will pay 10 rupees on every share in the first payout for the year that began April 1, it said in a stock exchange filing on Tuesday. It distributed 55.4 billion rupees in two tranches during the prior year. London-based Vedanta Resources is seeking to reduce its debt burden and plans to pay off $3 billion over the next three years with the help of internal payments, including dividends, its Indian unit said at an earnings call last month. Debt at the holding company has come down by $3.7 billion over the past two years, according to the transcript of the call. Agarwal is also planning to split the group into six listed companies by March 2025 to unlock value. ©2024 Bloomberg L.P. Top Picks Top Stories Young Canadians feel poorer in warning sign for economy, Trudeau TD risks 'lost decade' in U.S. money-laundering scandal, Jefferies says Bonds may no longer be the safe part of your portfolio: Berman Palantir beats sales estimates, raises outlook on AI
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PLTR
Earnings
- 5/6/24 - Beat
PLTR
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 144
- 5/9/24 - Form 144
- PLTR's page on the SEC website