Stocks in news: Yes Bank, Vedanta, Sudarshan Chemicals, IndiGo
Yes Bank:
Carlyle Group sold equity worth Rs 1,056 cr in Yes Bank; hiving off 1.35% stake (39 cr shares)
Morgan Stanley Asia acquired 30.6 cr shares in Yes Bank
Vedanta:
Finsider International sold 1.8% stake (6.6 cr shares); This was part of an 8.2 cr share deal involving other buyers & sellers
Media reports said the promoters were looking to sell stake worth $1 bn in the company to GQG Partners
Sudarshan Chemicals:
HDFC MF acquired 17.75 lk shares, worth Rs 91.3 cr
Promoters Nisha Ajay Rathi & Ajay Balkrishna Rathi sold shares in the market
Dilip Buildcon:
Vijay Kumar Mishra Construction-Dilip Buildcon JV declared as L-1 bidder for tender floated by Madhya Pradesh's water resources department
Project cost is Rs 412.9 cr
Medplus Health Services:
Unit receives suspension order for its drug license for its store situated in Andheri, Mumbai
B.L.Kashyap and Sons:
Receives order worth Rs 208 cr from Manyata Promoters for construction of blocks D1 & D2 at Embassy Manyata Business Park, Bangalore
UPL:
Fitch Ratings downgraded UPL Corp's Long-Term Issuer Default Rating to 'BB+', from 'BBB-', citing the weak 9MFY24 EBITDA
Downgrade led by weak global crop-protection industry demand due to prolonged destocking & production overcapacity in China
Escorts Kubota:
Executed a long-term wage settlement agreement with the Workers' Union for 3 years
InterGlobe Aviation, SpiceJet:
IndiGo saw a slight dip at 60.2% in Jan vs 61.8% MoM, as per DGCA data
Market share of SpiceJet remained unchanged at 5.6% during this period