Stocks in news: ICICI Bank, Vedanta, HAL, Adani Green, Medi Assist Healthcare
Equity markets began the week on a positive note and registered modest gains during a subdued trading session. In today’s trade, shares of ICICI Bank, Vedanta, HAL, Adani Green, Medi Assist Healthcare among others will be in focus due to various news developments. ICICI BankFollowing allegations from the Congress party, ICICI Bank clarified that Sebi…
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Rs 8,000 cr Payout! Hind Zinc announces 2nd interim dividend of Rs 19/share. Check record date
The board of Vedanta-owned Hindustan Zinc approved a second interim dividend of Rs 19 per share for eligible shareholders on Tuesday, with August 28 set as the record date. “We wish to inform you that the Board of Directors of Hindustan Zinc Limited (“the Company”), at its meeting held today i.e. Tuesday, August 20, 2024,…
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Moderately valued’ metal stocks shine on bourses
Metal stocks were among the top gainers in Monday’s trading session on perceived moderate valuations, and after New Delhi initiated an anti-dumping probe on Vietnamese hot-rolled coil (HRC) imports. The Nifty Metal Index gained 1.87% while the benchmark Nifty advanced 0.13% on Monday. National Aluminium surged 4.35% on Monday followed by Hindalco which gained 4%….
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Vedanta garners Rs 3,100 crore from Hindustan Zinc OFS
Billionaire Anil Agarwal’s Vedanta fell short of meeting its initially targeted proceeds from an offer for sale (OFS) in group entity Hindustan Zinc, with the exercise netting ₹3,100 crore for the resources conglomerate that had first sought to garner up to ₹6,500 crore in stake dilution but later reduced the OFS size. Vedanta sold 63.6…
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Hindustan Zinc OFS: Promoter Vedanta to exercise over subscription option
Metal major Vedanta Limited on Friday said it would exercise the oversubscription option in the ongoing offer for sale (issue) of Hindustan Zinc Limited to the extent of over 1.21 crore equity shares or 0.29% in addition to 5.14 crore equity shares representing 1.22% of the total issued and paid-up equity share capital of the…
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Hindustan Zinc shares fall 8% as Vedanta OFS opens at discounted price
Shares of Hindustan Zinc (HZL) fell 7.8% to a day’s low of Rs 528 on the BSE on Friday, following the opening of Vedanta’s offer for sale (OFS) at a discounted floor price of Rs 486. The mining conglomerate, which is the promoter of HZL, is selling up to 3.31% of its stake, or 14…
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Stocks in news: Hero MotoCorp, Hindalco, Apollo Hospitals, Vedanta, Ola Electric
Domestic markets extended losses for a second straight day on Tuesday as Sensex tumbled nearly 700 points. In today’s trade, shares of Hero MotoCorp, Hindalco, Apollo Hospitals, Vedanta, Ola Electric among others will be in focus due to various news developments and first quarter results. HAL, Ola Electric, Mazagon Dock Shipbuilders, Bandhan BankShares of HAL,…
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Q1 results, IPO action among 10 factors that will steer D-Street this week
While the Nifty managed to hit the 25K mark, the weekly trade was largely range-bound, with the 50-stock index ending the week with a 0.47% decline, dragged down by fears of a US economic slowdown and Japan’s rate hike. When markets resume trading on Monday, a host of important domestic and global events lined up…
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Vedanta gets clearance from 75% secured lenders for demerger
In a key step for its proposed demerger, Vedanta has received approval from 75% of its secured creditors to obtain a clearance from stock exchanges. The natural resources major will then file the demerger scheme with the National Company Law Tribunal. The company is also in talks with some of these lenders to prepay their…
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Dividend stocks: Vedanta, Ultratech among 100 stocks to trade ex-dividend next week. Do you own any?
As many as 99 companies have fixed their record dates this week for the purpose of determining the eligible shareholders for the payout of their dividends. Out of the lot, 5 are Nifty companies, i.e, Ultratech Cement, Maruti Suzuki, Cipla, Divi’s Laboratories and Hero Motocorp. Other names include companies like Vedanta, Oberoi Realty, Sundaram Finance…
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