VEDL
CITI ON VEDANTA : 02.09.2021
* Maintain BUY, Target at Rs 365/share
* Vedanta's board approved its first interim dividend of Rs 18.5/sh
• This implying a yield of ~6%
• This would imply a cash outflow of Rs 6900cr
• Reiterate our Buy rating - bullish ally outlook
• Estimate highest EBITDA contributor in FY23 & dividend support
VEDL
