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Union Bank of India raised Rs 500 crore debt capital by issuing Basel III compliant bonds
The home inventory markets are more likely to open agency, after a completely flat closing on Wednesday, going by traits from the worldwide entrance. Trends on SGX Nifty point out a optimistic begin for the index in India, with a achieve of 50 factors. At 7:30 am, the Nifty futures had been buying and selling at 13,629, greater by 50 factors or 0.45 per cent on the Singapore Stock Exchange.
Here are some shares to observe in Wednesday’s (December 16) session:
Punjab National Bank
Punjab National Bank shares are set to see some investor curiosity because the financial institution’s Rs 7,000 crore Qualified Institutional Placement (QIP) opens on December 15. The state-owned lender has set the ground worth for its proposed QIP at Rs 7,000 crore. The capital elevating committee of the financial institution has authorised the opening of the QIP problem and permitted the ground worth.
Bharat Petroleum Corporation Limited (BPCL)
The shares of Bharat Petroleum Corporation are more likely to be within the limelight after the corporate stated its board, at a gathering scheduled on December 17, will think about shopping for out Oman Oil Company within the Bina refinery mission in Madhya Pradesh. BPCL board may even think about merging Bharat Gas Resources ((a completely owned subsidiary of BPCL) with itself.
Union Bank of India
Union Bank of India shares might witness some shopping for after the state-owned lender raised Rs 500 crore debt capital by issuing Basel III compliant bonds. The financial institution has allotted unsecured, subordinated, non-convertible taxable perpetual absolutely paid-up Basel III compliant debt devices within the nature of debentures aggregating to Rs 500 crore.
Biocon
Biocon shares might head greater on the bourses after the biotechnology main stated its arm Biocon Biologics signed a pact with the Christian Social Services Commission in Tanzania as a part of its inexpensive insulins programme for low- and middle-income nations. With an estimated 1 million diabetes sufferers, Tanzania is among the many high 5 nations for the variety of individuals with diabetes in Africa.
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