out a few top companies’ stocks which will be in focus during Friday’s session,
29-March-2019, in view of latest prospects and developments:
National Bank, Indian Overseas Bank, Bank of Baroda, Union Bank, and Central
Bank of India: These 5 state-owned banks on Thursday obtained shareholders’ nod
for capital infusion of Rs21,428-Crore in place of preferential allotment of
shares to the govt.
Bank: Shareholders of Indian Bank approved raising equity funds up to Rs.7,000-Crore.
Life Insurance Co. Ltd: According to reports, BNP Paribas sought to sell a
5.1percent stake in SBI Life Insurance Company at Rs575 per share.
Finance Corporation Ltd: The Company acquired a 52.63percnet stake of the share
capital of REC Ltd, of Rs.14,500-Crore from the govt and became the holding
company and the promoter of REC.
Ltd: The IT major signed a Memorandum of Understating with IIT Kharagpur
for research on 5G Technology & Artificial Intelligence.