Stocks In Focus Today: PNB raised over 54% of targeted fund mop-up through a qualified institutional placement (QIP) of shares.
Here are few stocks to watch in Monday's trade (December 21, 2020): (share market investment)
Punjab National Bank
Punjab National Bank raised a little over 54 per cent of the targeted fund mop-up through a qualified institutional placement (QIP) of shares, which closed on Friday with ₹ 3,788.04 crore. The state-run lender had planned to raise up to ₹ 7,000 crore through the QIP, which had opened on Tuesday.
Bank Of Baroda
Bank of Baroda said Ian De Souza joined as chief financial officer. Mr De Souza is a chartered accountant and has 23 years of experience in the banking & financial services domain.
Lupin
Pharmaceuticals company Lupin said it has received approval for its Colesevelam Hydrochloride Tablets (625 mg) from the US drug regulator, to market a generic equivalent of Daiichi Sankyo's Welchol. (share market investment)
Reliance Industries
Reliance Industries and BP announced the start of production from the R Cluster project, one of the three deep-water gas projects in block KG-D6. The three projects are together expected to meet around 15 per cent of the country's gas demand by 2023, Reliance Industries said.
RIL is the operator of KG-D6 with a 66.67 per cent participating interest and BP holds a 33.33 per cent participating interest.
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