Nifty, Sensex trending up – Wednesday closing report
On Wednesday, the major indices closed with minor gains. On the NSE, there were 1,212 advances, 664 declines and 98 unchanged. The trends of the major indices in the course of Wednesday’s trading are given in the table below:
 
 
Reliance Industries subsidiary Reliance Retail Ventures (RRVL) has acquired a majority equity stake in Vitalic Health (Vitalic), owner of website NetMeds, for a cash consideration of approximately Rs620 crore. This investment represents 60% holding in the equity share capital of Vitalic and 100% direct equity ownership of its subsidiaries, viz: Tresara Health, Netmeds Market Place and Dadha Pharma Distribution. 
 
Yes Bank said it has repaid Rs 35,000 crore to the central bank out of the total special liquidity facility (SLF) of Rs 50,000 crore drawn for interim support.
 
Yes Bank offloaded 8.27% equity stake in CG Power, via open market transactions on August 18.
 
Shreyas Shipping approved the sale of its businesses to Unifeeder ISC FZCO. The company would sell its containerized domestic coastal and Exim feeder shipping business for a gross cash consideration of $19 million, subject to adjustments on account of debt, cash and working capital post the closing. It will also sell its entire stake of 29.22% in Avana Logistek Limited (ALL) to Unifeeder for a gross cash consideration of USD 8.766 million.
 
Ramky Infrastructure reported net loss of Rs62 crore for the June quarter 2020, compared to net loss of Rs5.76 crore YoY. Revenues dipped 53% YoY to Rs276.10 crore.
 
Navneet Education redeemed commercial paper (CP) of Rs 50 crore issued on May 20, 2020 listed on National Stock Exchange of India after making payment on due date.
 
Manappuram Finance will allot 1000 secured rated redeemable non –convertible debentures having the face value of Rs 10,00,000 each aggregating to Rs 100 crore on a private placement basis.
 
Man Industries received a new export order of approximately Rs 405 crore. With this, the total unexecuted order book of the company stands at approximately Rs 1,800 crore, out of which 80% is exports. These orders are meant to be executed in the current financial year.
 
Ruchi Soya Industries reported 13% YoY decline in net profits for June quarter at Rs12.25 crore. Revenues declined 2% YoY to Rs3,057 crore.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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