CMS Info Systems, PB Fintech, Power Grid and other hot stocks on the last trading day of the year

Dec 31, 2021

Credit: BCCL

CMS Info Systems

Shares of the cash management company will debut on the stock exchanges today after receiving a tepid response with 1.95 times subscription.

Credit: CMS Info Systems

Contd...

The current grey market premium hints at a zero percent premium.

Credit: CMS Info Systems

PB Fintech

The Policybazaar parent announced an investment of up to ₹700 crore in its insurance business and up to ₹300 crore in its marketing and consulting business.

Credit: PB Fintech

Power Grid Corporation

Approved an investment proposal worth ₹322 crore for setting up a data centre at Manesar.

Credit: BCCL

Biocon

Its subsidiary partner won a US court decision on Lantus device patents against Sanofi, a French multinational healthcare company.

Credit: Biocon

SBI

Announced an investment of ₹34 crore for a 9.95 percent stake in India International Clearing Corporation, a clearing house that settles index and stock derivatives, among other things.

Credit: Wikimedia

JSW Energy

LIC has picked up a 2.01 percent stake in the company, increasing its holding to 9.01 percent.

Credit: JSW Energy

InterGlobe Aviation

Removed a contentious clause in its Articles of Association that led to a bitter feud between its promoters Rahul Bhatia and Rahul Gangwal.

Credit: BCCL

IDFC First Bank

Its board has approved the merger of IDFC and IDFC Financial Holding Company with the bank.

Credit: IDFC First Bank