• It is learnt that Vedanta promoter Twinstar is likely to sell 16 cr shares via block deals on Thursday (3Aug). • Floor price for the transaction, valued at $500 mn or ₹4,130 crore, is said to be at ₹258.5, which is a 5% discount to Wednesday's closing price.
Dr Reddy’s Mukesh Rathi resigns from the position of Chief Information Officer.
• Net profit declined 2% YoY to ₹777 cr. • Revenue was up 24.4% YoY at ₹11,145 cr. • EBITDA was down 5.2% YoY at ₹1,103 cr. • Margin came at 9.9% compared to 13% YoY.