Stocks in news: Airtel, Vedanta, Godfrey Phillips, UPL, Adani Enterprises

Domestic markets experienced a volatile session on Tuesday and ended marginally higher, pausing after the recent decline. In today's trade, shares of Airtel, Vedanta, Godfrey Phillips, UPL, Adani Enterprises among others will be in focus due to various news developments.

Vedanta
Fitch Ratings has maintained its 'B-' rating for Vedanta Resources Ltd (VRL), the parent of Vedanta, while assigning a positive outlook that signals potential upward momentum.

GNFC
GNFC signed a memorandum of undertaking (MoU) with INEOS to build a new world scale acetic acid unit in India.


Airtel
Nokia received a multi-billion 5G extension deal from Bharti Airtel for its India operations with 4G and 5G contract extension.

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

UPL
UPL & Alpha Wave Global announced the signing of agreements under which Alpha Wave Global will invest $350 million to acquire approximately 12.5% stake in Advanta Enterprises, a subsidiary of UPL.

Godrej Properties
Godrej Properties acquired a 53-acre of land in Joka, Kolkata, with an estimated revenue potential of nearly Rs 500 crore.

Adani Enterprises
Adani Infrastructure announced an open offer to acquire additional 26% stake in PSP Projects. The open offer is priced at Rs 642.06 per share.

Tata Power
Tata Power collaborated with Bhutan's Druk Green Power Corp to develop 5,000 mw of clean energy projects in Bhutan.

Godfrey Phillips
Cigarette maker Godfrey Phillips India said its board of directors has declared an interim dividend of Rs 35 per equity share of Rs 2 each, for the financial year ending March 2025.

Dr Reddy’s
USFDA issued a form 483 with 7 observations for API manufacturing facility (CTO-2) in Bollaram, Hyderabad.

AB Capital
Aditya Birla Capital invested Rs 100 crore in arm Aditya Birla Capital Digital on rights basis.

JSW Steel
JSW Steel declared as the preferred bidder for Codli Mineral Block-XII, Dharbandora, Goa.

Aegis Logistics
Aegis Logistics arm Aegis Vopak Terminals has filed draft red herring prospectus (DRHP) for an IPO.