Stocks in news: Vedanta, RVNL, Max Healthcare Institute, Allcargo Gati and Affordable Robotic
When markets resume trading today, Vedanta, RVNL, Max Healthcare Institute, Allcargo Gati and Affordable Robotic and Automation Limited (ARAPL) will be in focus due to various related developments.
Vedanta Vedanta has received 83% creditor approval for its proposed demerger, clearing a crucial hurdle for its restructuring plan. The proposal required support from at least 75% of creditors by debt value to move forward. With this approval, Vedanta is set to proceed with splitting its businesses into independent entities, allowing each vertical to operate separately.
RVNL
State-run Rail Vikas Nigam Limited (RVNL) has informed exchanges that it has received a 'Letter of Acceptance' from Rail Infrastructure Development Company (Karnataka) Limited for construction of 9 stations. The project cost is estimated at Rs 554.46 crore. RVNL's share in the joint venture is 51% while that of Rithwik Projects Pvt. Ltd. (RPPL) is 49%.
Max Health The stock of Max Healthcare Institute is in news as the company has informed that its Director — Legal and Regulatory Affairs Rakesh Kaushik has tendered his resignation and will cease to be a senior management personnel of the company with effect from end of the day on March 28, 2025.
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