Stocks in news: Yes Bank, IndiGo, Max Healthcare, IDBI Bank, Indian Hotels

Markets snapped a six-session winning streak and ended lower, losing nearly a percent as sentiment turned weak from the outset and deteriorated further in the latter half. In today's trade, shares of IndiGo, Max Healthcare, IDBI Bank, Indian Hotels among others will be in focus due to various news developments.

YES Bank

Private lender YES Bank said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights

Also Read: Yes Bank shares rally 5% as RBI clears SMBC stake acquisition

BMW Industries

Steel maker BMW Industries is setting up a 0.5 million tonne cold rolling unit in Jharkhand at an investment of Rs 803 crore to increase high-end steel products offerings, the company's MD Harsh Bansal said.

Indian Hotels

Indian Hotels Company (IHCL) is looking at forging strategic acquisitions to expand its presence in existing markets and enter select destinations in Europe and Southeast Asia, CEO and MD Puneet Chhatwal said.

IDBI Bank

IDBI Bank said that capital markets regulator Sebi has approved the reclassification of Life Insurance Corporation (LIC) as a “public shareholder” in the lender, once the government’s strategic disinvestment process is completed.

IndusInd Bank

Crisil removed long-term rating from ‘Rating Watch with Negative Implications’ and reaffirmed rating at ‘CRISIL AA+’.

Brigade Enterprises

Brigade Enterprises has announced the launch of a new residential project in Bengaluru.

Interarch

Interarch bagged an order worth Rs 90 crore from Rungta Mines.

IndiGo, Max Healthcare

NSE Indices announced a reshuffle of its benchmark indices as part of its semi-annual review. Budget carrier IndiGo and Max Healthcare Institute will be included in the Nifty index, replacing Hero MotoCorp and IndusInd Bank.