PRE-MARKET INDIAN STOCKS NEWS: Vedanta Resources denied media speculation regarding a potential sale of its stake in Vedanta (VEDL IS)
Key Indian pre-market developments include Vedanta Resources refuting stake sale rumors, Bharat Electronics securing INR 7.3 billion in orders, and ICICI Prudential AMC's promoter planning a 2% divestment.
News detail
Bharat Electronics (BHE IS) - Co. secured additional orders worth INR 7.3bln since August 10, including communication equipment, radar, avionics, tank sub-systems, electro-optics, cybersecurity, perimeter security, medical electronics, EVMs, jammers, batteries, spares and services. (Moneycontrol) Fino Payments Bank (FINOPB IS) - RBI approved a three-month extension for Ketan Merchant as the Co.'s Interim CEO from August 27th, 2026, or until a regular MD & CEO takes charge, whichever is earlier. (Moneycontrol) ICICI Prudential AMC (ICICIAMC IS) - Prudential Corporation Holdings plans to sell a 2% stake in the Co. for around INR 31.21bln to meet minimum public shareholding requirements. (Moneycontrol) IRB Infrastructure Developers (IRB IS) - Co.'s board approved an investment of up to INR 3.51bln in units of IRB InvIT Fund through a proposed preferential issue. (Moneycontrol) Tata Power (TPWR) - Co.'s challenge to an arbitral award was rejected by a Singapore court. (Newswires) Vedanta (VEDL IS) - Parent Vedanta Resources denied media speculation regarding a potential sale of its stake in the Co., Vedanta Aluminium or any other Vedanta group company and said there are currently no such plans. (Moneycontrol)
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