Wipro, Vedanta, UPL, Max Financial Services in a nutshell

Wipro: The IT major has announced the launch of its Cloud Car platform, which will be unveiled during the Engineering the Cloud Car Ecosystem panel at MWC Barcelona.

Vedanta: The mining major has declared a third interim dividend for the financial year 2021-22 of Rs 13 per share. This is the third interim dividend for the 2021-22 financial year. The record date for dividend payment purposes is March 10, 2022.

UPL: The agrochemicals major announced that its board of directors had approved the proposal to buy back fully paid-up shares from shareholders (other than the promoters, the group of promoters and the persons controlling the company), for an amount aggregate not exceeding Rs 1,100 crore, the maximum redemption size. The company’s board of directors has proposed a share buyback plan at Rs 875 per share.

Max Financial Services: Subsidiary Max Life Insurance Company has incorporated a wholly owned subsidiary Max Life Pension Fund Management.

Swan Energy: A meeting of the company’s board of directors is scheduled for March 05, 2022 to consider and approve the preferential issuance of shares and other business matters.

Hind Rectifiers: The company secured orders of Rs. 57.32 crores in the month of February 2022.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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