Stocks in news: Vedanta, Gland Pharma, YES Bank, Power Grid, BEL

Markets traded range-bound but managed to close marginally in the green, taking a breather after Tuesday’s decline. In today’s trade, shares of Vedanta, Gland Pharma, YES Bank, Power Grid, BEL among others will be in focus due to various news developments.

Vedanta
Vedanta Resources (VRL), the London-based parent of India’s Vedanta, is looking at refinancing credit facility worth $550 million, and is discussions with several lenders from Middle East, Europe and Japan, according to ET report.

Gland Pharma
Gland Pharma said its material subsidiary Cenexi has received a final inspection report from France’s drug regulator ANSM citing 11 observations.

YES Bank
Private equity investor CA Basque Investments has pared its stake in YES Bank by 2.62% through an open market transaction.

Power Grid
State-owned Power Grid has acquired MEL Power Transmission Ltd (MPTL), a special purpose vehicle, for a value of Rs 8.53 crore.

REC
REC board has approved a proposal to raise up to Rs 1.55 lakh crore through the private placement of bonds or debentures.BEL
Bharat Electronics Ltd (BEL) announced it has received fresh orders worth Rs 537 crore since its last disclosure on May 16.