Big news has come about Vedanta after the market closed. Vedanta may soon announce good news for investors. The company has informed in the exchange filing that the board will consider the third interim dividend for FY25 on September 2.
Tata Group company Tata Steel Ltd has made a big announcement. Tata Steel has bought 178 crore shares of subsidiary T Steel Holdings for Rs 2348 crore. On Wednesday, the company's stock closed at Rs 153 with a slight decline. Let us tell you that in September 2023, Tata Steel had informed that it plans to merge its 7 subsidiaries and this merger will be completed in this financial year. These seven subsidiaries include Tata Steel Long Products, Tinplate Company, Tata Metallics, TRF, Indian Steel & Wires, Tata Steel Mining and S&T Mining Company. But after this the merger of some companies was stopped. Tata Steel's share performance- The share has fallen 6 percent in one month and 12 percent in three months. The share has increased by 31 percent in one year.
Indigo i.e. Interglobe Aviation's share is likely to see a sharp movement on Thursday because according to information received from sources, a block deal of up to $85 crore can be done. If we talk in rupees, then there is a plan to sell the share for Rs 7055 crore. Rakesh Gangwal can sell the share through block deal- Interglobe Aviation Ltd's share closed 8 percent higher at Rs 4859. Sources say that this block deal can be done at a discount of 5.5%. In Indigo, a block deal can be done.
Wipro Share
The company's share closed 4 percent higher at Rs 536. Wipro completed the subscription of equity in Huoban Energy 11.
Friday is going to be a very important day for Vodafone Idea. In fact, the Supreme Court is scheduled to hear the company's curative petition in the Adjusted Gross Revenue (AGR) dues case on Friday, August 30. The company has sought 3 different reliefs in the AGR case. This hearing is important because many market experts believe that if the court accepts the side put forward by the company, then there will be a sharp decline in the company's dues. Vodafone Idea shares have seen a decline in Wednesday's trading. The stock closed below the level of 16 with a quarter percent decline.
Marine Electricals (India) Ltd Share
The company's stock closed 2 percent higher at Rs 254. The company said in the information released on the exchange that ABAKKUS ASSET MANAGER
Genus Power Infrastructures Ltd Share: The company's stock rose half a percent to close at Rs 443. The company received an order worth Rs 4,469.04 crore.
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