Major Corporate Moves: UltraTech, Fortis, Tata Steel, KEC, Vedanta & More in Focus

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CNBC Awaaz•21-12-2025, 13:24
Major Corporate Moves: UltraTech, Fortis, Tata Steel, KEC, Vedanta & More in Focus
- •UltraTech Cement received a ₹782.2 crore GST demand notice, plans to challenge it.
- •KEC International's 9-month debarment by PGCIL stayed by Delhi High Court, allowing participation in bids.
- •Fortis Healthcare to acquire Bengaluru's 125-bed People Tree Hospital for ₹430 crore.
- •Tata Steel received a ₹1132.18 crore GST & Central Excise demand, including penalty and interest.
- •Vedanta's parent VRL outlook revised to 'Positive' by Fitch Ratings due to strong earnings and debt reduction.
Why It Matters: Key companies like UltraTech, Fortis, Tata Steel, KEC, and Vedanta announced significant corporate actions.
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