Stocks in news: RIL, IndiGo, PB Fintech, Vedanta, Tata Steel
Nifty rose marginally to hit a fresh lifetime high of 25,052 and Sensex gained over 70 points on Wednesday. In today's trade, shares of RIL, IndiGo, PB Fintech, Vedanta, Tata Steel among others will be in focus due to various news developments.
IndiGo
Rakesh Gangwal, co-founder of InterGlobe Aviation, is looking to sell up to $804 million in the company through a block deal, according to reports.
PB Fintech
Chinese multinational technology conglomerate Tencent is likely to sell 2.1% stake in PB Fintech via block deal at an estimated price of Rs 1,610 crore.
Read more: Here's the trade setup for today's session
Tata Steel
Tata Steel has acquired 178 crore shares in arm T Steel holdings for Rs 2348 crore.
Vedanta
Metal major Vedanta will consider third interim dividend for the financial year 2024-25 when its board meets on September 2.
Welspun Living
Promoter is likely to sell 4.6% stake in Welspun Living through a block deals. The floor price for the same is fixed at Rs 197 per share.
RIL
Shares of RIL will be in focus as the company will host its 47th annual general meeting (AGM) today.
KEC International
KEC International has bagged Rs 1,171 crore transmission and distribution orders in the Middle East.
VLS Finance
VLS Finance will buy back 33 lakh shares (9.48% eq) of the company for up to Rs 125 crore at Rs 380 per share. Buyback to open on August 30 and to close on September 5.
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Read more on economictimes.indiatimes.com
