Stocks in News
CMS Info Systems: The company will make a debut on the bourses on December 31. The final issue price is fixed at Rs 216 per share.
PB Fintech: The company approved investment of up to Rs 700 crore in one or more tranches in subsidiary Policybazaar Insurance Brokers Private Limited during FY22 and FY23, and up to Rs 299.99 crore in subsidiary Paisabazaar Marketing and Consulting Private Limited.
Power Grid Corporation of India: The company has approved investment proposal for 'expansion of POWERGRID telecom into data centre business and to establish a data centre at Manesar at an estimated cost of around Rs 322 crore.
Sterling and Wilson Renewable Energy: The company has approved the preferential allotment of 2.93 crore equity shares, to RNESL at a price of Rs 375 per share, aggregating to Rs 1,099,99 crore. Post the allotment, RNESL will hold 15.46% stake in the company.
JSW Energy: Life Insurance Corporation of India acquired 2.01% stake in the company via open market transactions, increasing shareholding to 9.01% from 7.00% earlier.
Biocon: Subsidiary Biocon Biologics' partner Viatris won US Court decisions on Sanofi appeals for Lantus device patents.
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