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PNB shares more than doubled in a year; what s next for the state-owned lender?

PNB shares hit 52-week high; trading in overbought zone

Meet Torrent Pharmas Mehta brothers who are looking to raise Rs 60,000 crore to buy Cipla

Torrent Pharma is reportedly in talks to form a consortium and raise $1.2-1.5 billion from CVC Capital Partners as it is looking to put together a $7 billion or Rs 60,000 crore financing package to acquire rival Cipla. CVC could turn out to be Torrent’s lead partner. The development has not yet been confirmed by the group.

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