Buzzing stocks: Central Bank, DalmiaCement, Eicher Motors, Tejas Networks, Cryogenic OGS, others

Stocks such as Central Bank of India, Dalmia Bharat, Eicher Motors, Tejas Networks and Cryogenic OGS are likely to stay in the spotlight following announcements related to stake sales, acquisitions, joint ventures, capacity expansion and fresh business orders.

The Government of India, acting through the Department of Financial Services, Ministry of Finance, has initiated the process to divest its stake in Central Bank of India via an Offer for Sale (OFS). The promoter proposes to sell up to 36.21 crore shares, representing 4% of the bank’s total issued and paid-up equity share capital. Additionally, there is an option to sell an additional 36.21 crore shares in the event of oversubscription. The floor price for the offer has been set at ₹31 per equity share.

Dalmia Cement to acquire former Jaiprakash cement assets

Dalmia Cement (Bharat) Ltd, a wholly owned subsidiary of Dalmia Bharat Ltd, has announced the execution of a Business Transfer Agreement to acquire cement assets previously held by Jaiprakash Associates Ltd (”JAL”), which was recently acquired by the Adani Group under the Insolvency & Bankruptcy Code (IBC) framework. The agreement is at an enterprise value of ₹2,850 crore. involves the acquisition of cement plants located in Rewa (Madhya Pradesh), and Churk, Chunar, and Sadwa (Uttar Pradesh).

Exato Technologies bags orders worth ₹24.57 crore

Exato Technologies Ltd has received three orders from iQor India Services Private Limited, Noida, for professional services related to managed services. The aggregate value of the above-mentioned orders is INR 24,57,92,000 (Rupees Twenty-Four Crore Fifty-Seven Lakh Ninety-Two Thousand Only) exclusive of any applicable taxes, duties, levies, or other government-imposed charges.

Eicher Motors and Volvo Group plan financial services JV

Eicher Motors Limited (EML) and Volvo Group today announced their intent to establish a new 50:50 Joint Venture for financing, leasing, and other financial services. The Board of EML has approved an investment of up to Rs. 750 Crores to subscribe to a 50% equity stake in Volvo Financial Services (VFS) India. EML maintains a long-standing and successful partnership with Volvo Group through their joint venture, Volvo Eicher Commercial Vehicles Ltd (VECV). The proposed JV will be the captive financing arm for VECV, EML, and Volvo Group products in India.

Carysilnox expands steel sink production capacity

Carysilnox Limited (formerly known as Carysil Steel Limited), a subsidiary of Carysil Ltd, has successfully commenced commercial production of an additional 70,000 Steel Sinks p.a with effect from May 21, 2026.

Consequent to the said expansion, the annual manufacturing capacity of stainless steel kitchen sinks has now increased from 1,80,000 units per annum to 2,50,000 units per annum.

Tejas Networks partners MahaIT for telecom skilling

Tejas Networks has signed a Memorandum of Understanding (MoU) with the Maharashtra Information Technology Corporation Limited (MahaIT) to jointly impart world-class training and certification in emerging telecom technologies to engineering students across Maharashtra, especially in the underserved regions of the state. The purpose of the MoU is to jointly enable skilling and certification of engineering students, especially from Tier-2, Tier-3, and underserved regions of Maharashtra, in emerging telecom and digital technologies through online and instructor-led training programs.

Dhabriya Polywood secures ₹10.90 crore order

Dhabriya Polywood Ltd has received a work order/LOI from Arasa Projects & Radiance Realty Group for the supply and installation of uPVC Windows & Doors, valued at Rs 10.90 Crore (including GST).

Cryogenic OGS receives metering skids order

Cryogenic OGS Limited has received a Purchase Order for the supply of Metering Skids from Endress and Hauser India, amounting to ₹1.49 crore (Excluding GST).

Emerald Finance launches early wage access programme

Emerald Finance has partnered with Punjab Enviro Technology Pvt Ltd to offer an Early-Wage-Access program that enables employees to access a portion of their salaries instantly. The product provides short-term loans repayable through salary deductions, aligning with the company’s strategy to expand retail offerings.

Varun Beverages extends exclusive PepsiCo bottling deal in India till April 2049

Varun Beverages has extended its exclusive bottling and trademark licensing agreement with Pepsico in India until April 2049. The revised agreement replaces the earlier arrangement, which was scheduled to remain in effect until April 30, 2039.

Published on May 22, 2026