Shares of Exide Industries rose over 3% on November 27 after the firm boosted its stake in subsidiary Exide Energy Solutions Ltd (EESL) on rights basis. On November 26, Exide Industries said it boosted stake in EESL to Rs 3,052 crore with Rs 100-crore investment and said the funds will help expand operations in advanced battery cell production for EVs.
Open FlipReliance Infrastructure on Wednesday, November 27, said its wholly-owned subsidiary JR Toll Road Private Limited (JRTR) has executed a settlement agreement with Yes Bank Limited (YBL) to resolve its entire outstanding debt. The agreement, dated November 26, 2024, marks the closure of a financial obligation amounting to about ₹271.18 crore, which includes principal and accrued interest.
Open FlipShares of defence-related plays and shipbuilder companies are finding some buying interest in trade, sending the BSE CPSE index higher by 0.9% on November 27 in early trade. NSE's thematic Nifty India Defence index is seeing strong gains of over 2.3% in early trade, helped by all constituent stocks trading in the green as of 10:15am.
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