Stocks to Watch: Reliance Industries, Punjab and Sind Bank, Brightcom Group and more [Video]

Reliance Industries

| Walt Disney Co and Mukesh Ambani-led company on Wednesday announced the signing of binding pacts to merge their media operations in India to create a ₹70,000 crore behemoth. Under the deal, Reliance and its affiliates will hold 63.16% of the combined entity that will house two streaming services and 120 television channels.

Punjab & Sind Bank | The board of the state-run bank on Wednesday approved raising of up to ₹2,000 crore in one or more tranches within 12 months through a Follow on Public Offer, Rights Issue, QIP, Preferential Issue or any other combination thereof. Also approved raising funds via Basel-III compliant Additional Tier-I and Tier-II bonds.

Brightcom Group| Sebi on Wednesday refused to lift the securities market restriction imposed on Suresh Kumar Reddy, promoter of Brightcom Group Ltd, in a case concerning irregularities in preferential allotments of shares made by the company. Besides, he would continue to be restrained from holding the …