Stocks in News Today

Our analysts at 5paisa scan through the financial markets and select the few trending stocks in the news and in the limelight for the day. Here is the list of a few trending stocks with their latest News and Updates.

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Trending Stocks Today: 18-Mar-2025

1. JM Financial

JM Financial Ltd. announced that it will transfer its wealth management business to JM Financial Services Limited (JMFSL) through a slump sale valued at ₹11.08 crore. The transfer is expected to take effect from April 1, 2025. The board has approved a Business Transfer Agreement with JMFSL, a wholly owned subsidiary, for the transfer of the private wealth business as a going concern.

2. Vedanta

Vedanta Ltd. Chairman Anil Agarwal reaffirmed the company’s plan to unlock value through its proposed demerger. The restructuring will create four independent natural resource-focused entities, each with its own management, capital structure, and strategic focus. Agarwal stated that the new companies have the potential to grow into $100 billion entities over time.

3. JSW Energy

The Competition Commission of India (CCI) has approved JSW Neo Energy’s plan to acquire a 100% stake in O2 Power Midco Holdings and O2 Energy SG. JSW Neo Energy, a wholly owned subsidiary of JSW Energy under the JSW Group, focuses on power generation and transmission from both conventional and renewable sources. This acquisition aligns with JSW Energy’s expansion strategy.

4. Bajaj Finserv

Bajaj Finserv has signed share purchase agreements (SPAs) to acquire Allianz SE’s 26% stake in Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC). The deal, valued at around ₹24,180 crore, will increase Bajaj Finserv’s ownership in both companies to 100%, ending a 24-year joint venture with Allianz.

5. IREDA

The Indian Renewable Energy Development Agency (IREDA) has raised its borrowing limit for FY 2024-25 by ₹5,000 crore, increasing it from ₹24,200 crore to ₹29,200 crore. The funds will be raised through various sources, including taxable bonds, Tier-II bonds, perpetual debt, term loans from banks and financial institutions, international credit lines, external commercial borrowings, and short-term loans.

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