Stocks Under Focus on Apr 1: Lupin, Vedanta, Ruchi Soya & More

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Stocks Under Focus on Apr 1: Lupin, Vedanta, Ruchi Soya & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Lupin (NS: LUPN ): The US drug regulatory USFDA has issued 13 observations to the pharmaceutical major’s subsidiary Novel Laboratories, after conducting an inspection.

Future Retail (NS: FURE ): The retail company’s CEO Sadashiv Nayak has resigned from the position after only 7 months of his appointment.

Vedanta (NS: VDAN ): The mining major’s board has given a green signal to the company’s plans of sourcing 580 MW of green energy for its operations across the country. It signed a power delivery agreement with Sterlite Power Technologies.

Ruchi Soya Industries (NS: RCSY ): The edible oil maker has set an issue price at Rs 650/share for its follow-on public offer.

HDFC (NS: HDFC ) Asset Management Company (NS: HDFA ): The country’s largest insurer LIC has acquired a 2.02% of the leading mutual fund's investment company through open market transactions, raising its shareholding from 5% to 7.02% in the company.

SJVN (NS: SJVN ): The PSU has incorporated a new subsidiary called SJVN Green Energy for the execution of renewable projects, and it will work towards generating power from renewable sources.

Sterlite Technologies (NS: STTE ): The tech company will be selling its stake of 64.98% held in Maharashtra Transmission Communication Infrastructure for a total consideration of Rs 43 crore, which will be received in multiple tranches.

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