PRE-MARKET INDIAN STOCKS NEWS: Vedanta (VEDL IS) board is to meet on March 23rd to consider a third interim dividend for FY2025-26 with record date set for March 28th
Alkem Laboratories (ALKEM IS) - Co. received allotment of 30 acres in Ujjain to set up a greenfield formulations facility and approved investment of up to INR 5.33bln. (Moneycontrol)
G R Infraprojects (GRINFRA IS) - Co. emerged as L1 bidder for an NHAI project worth INR 24.41bln for construction of a four-lane NH-33 section in Bihar under HAM. (Moneycontrol)
HDFC Bank (HDFCB IS) - Co. Chairman resigns due to ethical differences. (Newswires)
Manappuram Finance (MGFL IS) - Co. said RBI approved Bain Capital’s acquisition of joint control of the Co. and its subsidiaries. (Moneycontrol)
UltraTech Cement (UTCEM IS) - Co. acquired a 26.18% stake in Sunsure Solarpark Seven for INR 0.19bln to support captive green energy usage. (Moneycontrol)
United Breweries (UBBL IS) - Co. received environmental clearance for a greenfield brewery with 1.3mln hectolitres annual capacity in Uttar Pradesh. (Moneycontrol)
Vedanta (VEDL IS) - Co. board to meet on March 23 to consider a third interim dividend for FY2025-26 with record date set for March 28. (Moneycontrol)
Vedanta's board meeting scheduled for March 23 to consider a third interim dividend is notable as it suggests management's confidence in cash flow stability, indicating financial health amidst market conditions. The recorded date for the dividend on March 28 could drive investor sentiment positively, reflecting an ongoing trend of rewarding shareholders, which might also influence trading activity in the stock and related sectors.