Trending Stocks: Exide, Metro Brands, CSB, JSW and others in news today

Indian Oil Corporation (IOC) | Indian Gas Exchange (IGX)

The company has received approval from the board of directors to acquire 36,93,750 equity shares of the face value of Rs 10 each equivalent to 4.93% of the share capital in the Indian Gas Exchange (IGX).

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Metro Brands 

The company will make its debut on the bourses on December 22. The final issue price is Rs 500 per share.

Visagar Polytex 

The company on December 24 will consider the proposal for raising funds by issue of equity shares to the existing shareholders through a rights issue.

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CSB Bank 

The bank has been empanelled as an ‘agency bank’ by the Reserve Bank of India (RBI) to undertake the general banking business of central and state governments which may be entrusted by the RBI.

India Cements 

Radhakishan S Damani & Others acquired a 2.03 percent stake in the company via open market transaction, increasing shareholding to 22.76 percent from 20.73 percent.

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IndiaMART InterMESH 

The company has indirectly through its wholly-owned subsidiary, Tradezeal Online, agreed to acquire 4,784 compulsorily convertible series A preference shares and 100 equity shares aggregating to 26.01 percent of Edgewise Technologies.

State Bank of India (SBI) | JSW Cement

The bank has acquired a minority stake in JSW Cement with an investment of Rs 100 crore via compulsorily convertible preference shares (CCPS).

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Bal Pharma 

ICRA upgraded the credit rating outlook from Stable to Positive.

IRB Infrastructure Developers 

Subsidiary Chittoor Thachur Highway has now executed a Concession Agreement with the National Highways Authority of India.

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Exide Industries 

The company has received in-principle approval to set up a greenfield multi-gigawatt Li-ion cell manufacturing facility in India.