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Buzzing Stocks
· YES Bank has entered into a strategic partnership with NCMSL, a major agri-infrastructure player, for collateral management and warehousing services.
· CESC Ltd. and its subsidiaries would raise around `12bn in equity to bridge the gap in financing to execute new proposed power projects worth `350bn in the next five years.
· Jyoti Structures has announced that it would look to set up a base in the US for making lattice steel towers. It will invest around $12mn (around `550mn) for this purpose.
· ONGC’s board would meet on 16 December to consider bonus share issue, stock split and payment of a special dividend ahead of a planned share sale.
· Punjab National Bank will raise its benchmark prime lending rate by 75 basis points to 12.5%, effective Dec 8.
· Ramsarup Industries is going for corporate debt restructuring (CDR) to attract private equity (PE) investment.
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