Stock in Focus, Stock to watch out based on new developments

RBL Bank Limited: The banking major announced on Monday that it has increased its stake in Swadhaar Finserve to 60.48%. The stock will be in focus on November 28, 2017.

Punjab National Bank (PNB) intends to raise Rs.1324.21 cr, by diluting 6 percent holding in subsidiary company PNB Housing Finance through OFS route @ Rs 1,325/ share that starts on today and tomorrow. The company proposes to sell up to 99,94,000 equity shares for investors.

Infosys Limited announced that it has signed a partnership with Hewlett-Packard to offer a joint mainframe modernization, enabling global enterprise customer’s advanced hardware and software architecture.

Tata Power Solar Limited said that it has commissioned India’s first solar carport on the rooftop of mall in New Delhi. The project has been designed under net-metering scheme enabling self-reliance in the consumption of energy and production cycle.

Reliance Communications (RCom) has announced that it has entered into a share purchase agreement with Pantel Technologies and Veecon Media & Television for sale of its subsidiary Reliance BIG-TV DTH services across India.

IDBI Bank said that it has granted in-principle approval to divest 74.15 lakh equity shares of National Stock Exchange (NSE) of India held by IDBI Bank.

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