Stocks in news: Vodafone Idea, Aster DM Healthcare, DMart, Vedanta, RBL Bank

Equity indices settled lower for the second straight session on Wednesday due to profit-booking in select banking and auto stocks amid mixed trends from the global markets. In today’s trade, shares of Vodafone Idea, Aster DM, DMart, Vedanta, RBL Bank will be in focus due to various news developments.

Vodafone Idea
Vodafone Idea’s board will meet on April 6 to consider and approve the proposal for issuance of equity shares or convertible securities on a preferential basis.

Aster DM Healthcare
Aster DM Healthcare on Wednesday said it has completed the separation of its India and GCC businesses.

Union Bank
DIFC Dubai Branch has arranged for syndicated term loan of $500 million ($400 million and Green Shoe of $100 million) in two tranches with tenure of 3 years and 5 years.

RBL Bank
RBL Bank reported 22% growth in its deposits for the quarter ended March, while advances jumped 19% year-on-year in the same period.

Read more: Here’s the trade setup for today’s session

Gufic Biosciences
Gufic Biosciences has incorporated a wholly-owned subsidiary ‘Veira Life FZE’ in Dubai, which will carry on the business of marketing, distribution and sale of pharmaceutical products.

Punjab & Sind Bank
Punjab & Sind Bank has appointed Arnab Goswamy as Chief Financial Officer of the bank for a tenure of 3 years with effect from today.

Jaiprakash Power
Jaiprakash Power has received two contracts worth Rs 775 crore to GE Power India.

Vedanta Aluminium announced a milestone in its ongoing expansion efforts to be amongst the top 3 global players with 3 million tonnes per annum (MTPA) of aluminium production capacity.

Brigade Enterprises
Brigade Enterprises has signed a joint development agreement with United Oxygen to develop office space in East Bengaluru with gross development value (GDV) of Rs 340 crore.

Avenue Supermarts, which runs and operates DMart, posted a standalone revenue of Rs 12,393 crore in the fourth quarter, compared with Rs 10,337 a year ago.

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