Stocks in news: Vedanta, Glenmark Life, ICICI Lombard, SAMHI Hotels, Zaggle Prepaid
Vedanta
The Committee of Directors of Vedanta Ltd approved raising up to Rs 2,500 crore through issuance of non-convertible debentures (NCDs) in one or more tranches.
JSW Steel
India's JSW Steel Ltd, is slowing down the process to buy a stake in the steelmaking coal unit of Canada's Teck Resources, Reuters reported, in the first sign that a diplomatic spat is affecting trade ties.
Read more: Here's the trade setup for today's session
Wipro
IT services provider Wipro said Jatin Dalal has resigned as chief financial officer to pursue other opportunities after more than two decades with the company.
Glenmark Life
Glenmark Pharmaceuticals has received board approval to sell 75% stake in subsidiary Glenmark Life Sciences to Nirma Ltd for Rs 5,652 crore.
ICICI Lombard
Bhargav Dasgupta, MD and CEO of ICICI Lombard General Insurance resigned to pursue a career opportunity outside the country.
SAMHI Hotels, Zaggle Prepaid
Shares of SAMHI Hotels and Zaggle Prepaid will debut on the exchanges today.
Both the companies are expected to see a tepid listing.
Sunteck Realty
IFC and Sunteck Realty create a joint platform investing up to Rs 750 crore (US$90 million) to expand green urban housing in Maharashtra.
Kalyani Forge
Shareholders of Kalyani Forge have approved the appointment of Viraj Gaurishankar Kalyani as MD of the company.
YES Bank
Pankaj Sharma has been appointed as chief strategy and transformation officer of the Bank.
