Stocks

RIL avoids debt route for Lyondell acquisition.

Reliance

Posted by : pyaretaj
Price when posted : BSE: Rs 2193.75 ( 0.81 % ), NSE: Rs. 2194.70 ( 0.80 % )

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MUMBAI: Reliance Industries plans to fund its acquisition of the world’s third-largest petrochem company LyondellBasell Industries (LBI) by selling treasury stock and dipping into its cash reserves without taking any additional debt on its balance sheet, rating agency Crisil said on Tuesday while re-affirming its ‘stable’ rating on RIL’s debt. Crisil said that Mukesh Ambani-led firm had told it that, post-acquisition, LBI would have a conservative capital structure, with gross debt-to-equity ratio not exceeding 0.75 times. No additional support would be required from RIL, Crisil said.

The rating agency said its description of RIL’s plans to finance the acquisition of LBI and the foreign company’s post-acquisition debt structure was based on its discussions with the management of India’s largest private sector company. When contacted, RIL’s external spokesperson said the company had nothing more to add to its Saturday statement which said that it had submitted a non-binding all-cash preliminary offer to buy a controlling stake in LBI. RIL is sitting on a cash reserve of $4 billion and treasury stock worth $8 billion.

Although RIL did not disclose the possible size of the transaction, it is estimated to be around $12 billion in enterprise value. Enterprise value is calculated as equity plus debt, minority interest and preferred shares minus total cash and cash equivalents.

Crisil said RIL’s cash levels would be replenished soon as the accruals remain strong. “The rating outlook will be revised to negative if RIL extends any financial support to LBI, or if RIL’s debt levels increase either because of a change in the value of the acquisition or any change in the financing plan.”

The acquisition, if consummated, would enhance RIL’s topline to $80 billion, bigger than the industry leaders like Dow Chemicals. Crisil said the successful acquisition would make RIL one of the largest integrated chemical companies with a well-balanced portfolio in petrochemicals, refining and upstream exploration and production.
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What to do

Electrosteel

Posted by : nikhil1221
Price when posted : BSE: Rs 42.85 ( 2.76 % ), NSE: Rs. 42.80 ( 2.51 % )

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thanks for good suggestion....

In reply to:

What to do

Posted by : samalhotra1

Do not worry, have patience, pervance and strong will. This is going to turnaround. Just wait for the QIP placement. The 50 day moving average is at 41 and 200 days EMA is nearing 40. So there is no downword risk from here. But looking at the results and fundamentals there is lot of value thats going to unlock in short period of time. See it touching 65 by end of this year.

IFCI is old but still worth gold

IFCI

Posted by : ramu.gurazala
Price when posted : BSE: Rs 49.55 ( 0.00 % ), NSE: Rs. 49.60 ( 0.10 % )

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My dear paztiruyh you sold the Ifci by booking losses and u are wanting to buy it below 45 or 39 what so ever and at the same time you are in a fear that whether IFCI will go to 60+ levels. Dont fear your fear will become true but it will become true without fulfilling your wish of buying it below 45 the next day of this expiry IFCI will start its journey towards north direction. But sorry to say u are not in a position to cover your shorts as your dreaming that to buy below 45....

In reply to:

IFCI is old but still worth gold

Posted by : paztiruyh

If So, and people are buying for delivery, then there should be even delivery selling happening which means a big fund or the promoters or the insiders of the company are selling??? Is it not helping my argument itself???

who will be eligible to get Rs.3/- dividend

Balrampur Chini

Posted by : m.thanabal
Price when posted : BSE: Rs 135.00 ( 1.20 % ), NSE: Rs. 135.05 ( 1.09 % )

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Can I get Rs.3/- dividend, am holding this share from Oct.31 2009 eligible

m.thanabal...

buy target 10000 in 2 months

TCI Industries

Posted by : pallavac
Price when posted : BSE: Rs 2310.00 ( -2.53 % )

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is it worth buying at current level...

In reply to:

buy target 10000 in 2 months

Posted by : nbstar

Hot stock not available for buying !!!

Bharti adds 1.50 mn DTH connections in Apr-Oct

Bharti Airtel

Posted by : myself
Price when posted : BSE: Rs 281.10 ( -0.32 % ), NSE: Rs. 281.75 ( -0.27 % )

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Bharti Airtel said on Wednesday its digital services added 1.50 million customers between April and October this year and 60 per cent of its subscribers are from the rural region.

"We have added 1.50 million DTH subscribers in seven months starting from April this year while the total market added 5.5 to 6 million subscribers during the same period," company`s director and CEO Ajai Puri told reporters in Chandigarh on Wednesday.

Stating that the company now commands 30 per cent market share in DTH space in north, west and east, Puri said the majority of the new additions in terms of subscribers had been from the rural market.

"We are getting 60 per cent of our total subscribers from rural market and rest from the urban market," he said. To expand its reach further in the northern region, Bharti Airtel [ Get Quote ] today also announced the launch of `Free Connection` Offer in Punjab [ Images ], Haryana, Himachal Pradesh [ Images ] and Jammu and Kashmir [ Images ].

"This offer will give customers the advantage of Zero installation and activation cost with 12 months subscription to ultra pack at Rs 4,350," he said. In these four states, the company has covered 65 districts, 396 towns and 12,000 villages with its DTH service.
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Book Value 11 Rs

Vishal Info

Posted by : pallavac
Price when posted : BSE: Rs 12.20 ( -2.79 % ), NSE: Rs. 12.25 ( -2.00 % )

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results are good or bad? ...

In reply to:

Book Value 11 Rs

Posted by : bajaj108

Not sure why people think this will go to 15 - 17 rs.. This stock will trade below its book value of 11 - So 9 or 10 bucks would be a good buy.. But I dont see any value in the company to buy this stock

any one guide me

Vinati Organics

Posted by : pallavac
Price when posted : BSE: Rs 58.30 ( -2.02 % ), NSE: Rs. 58.20 ( -2.18 % )

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by april is too long. this is good comapny then y not moving up at all. ...

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any one guide me

Posted by : allkash

by april this will rch 75 for sure...

big bounce

Todays Writi

Posted by : pallavac
Price when posted : BSE: Rs 24.35 ( 0.83 % ), NSE: Rs. 24.50 ( 1.87 % )

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are you sure for upward trend? i have 100 of 37 so suggest me...

In reply to:

big bounce

Posted by : kuttian

big bounce near term. target 50+. it will go positive tommorrrow onwards. buy current level. sell higher level. or hold long.

`Anil entitled to be RIL VC if de-merger fails`.

Reliance

Posted by : bhusbhac
Price when posted : BSE: Rs 2193.75 ( 0.81 % ), NSE: Rs. 2194.70 ( 0.80 % )

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pyaretaj - I also feel that the NEW submission should be time barred under law of limitation. So the only way out should eventually be to fix a personal liability of Mukesh Ambani....

In reply to:

`Anil entitled to be RIL VC if de-merger fails`.

Posted by : bhusbhac

pyaretaj - Here learned Ram Jethmalani may be a noted and imposing cousel howver this is not at all part of the case in HHC.

HSC may order trial and full evidence before HHC to go through the MOU in its entirety and tehn give a decision.

RIL has had no chance to defend this angle of the matter and so this matter will drag on and on and on.

I would however have no objection if for the sake of peace Anil Ambani comes back in his earlier position if that will buy peace and it would be at Mukesh`s shareholding.

So another 10 years to go?

Reliance plans aggressive exploration

Reliance

Posted by : tara23
Price when posted : BSE: Rs 2193.75 ( 0.81 % ), NSE: Rs. 2194.70 ( 0.80 % )

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bhush--i have not told who is a cheat or so, i meant will there be anyone to judge this case is the only point i was trying to emphasise...
i am not using any unparliamentary language in it... hope you got the point... ...

In reply to:

Reliance plans aggressive exploration

Posted by : bhusbhac

tara23 - The present case matter is not to decide who is a cheat and who is not since we agree that all in this case matter are cheats to some extent and in some way or another.

This case matter is to decide the best way out & solution of this cheating mess as most of you say so.

I would have avoided this harsh language and held on to some commercial language but no choice on this MMB.

yes right target should be rs. 14

Sita Shree Food

Posted by : pallavac
Price when posted : BSE: Rs 9.00 ( -1.64 % ), NSE: Rs. 8.95 ( -1.65 % )

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i have 1000 shares @ 12, so should i buy more or wait for your target...

In reply to:

yes right target should be rs. 14

Posted by : babusha2000

HI ALL,

the scrip is being accumulated at current level by lot of ppl including the promoters and sound brokers of baroda
scrip is fm edible segment going dirt cheap and post diwali its oil brands sales hv moved drastically
buy now fr a target of 18 to 24 in the near term .. for information of all the ipo had come around 35 some year back ....babu

sudden move

Sonata

Posted by : pallavac
Price when posted : BSE: Rs 37.85 ( 5.87 % ), NSE: Rs. 37.70 ( 5.75 % )

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what is the reason for today`s sudden move, what is now target of the same...

buy at cmp and accumulate in every dip of 5%

Mahindra Satyam

Posted by : ramu.gurazala
Price when posted : BSE: Rs 90.55 ( -10.92 % ), NSE: Rs. 90.75 ( -10.68 % )

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From january to june 6 months time satyam raised from 6 rupees to 125+. Again some bad news coming it is an opportunity to buy and accumulate just hold for another 6 months that is upto june 30 2010 one will get 100% returns as the company will post good numbers. Company vice chairman also clarify the same that the company is maintaining revenue runrate as expected and expecting almost all the class actions will be settled out of court and all the normal liabilities were almost paid ...

very good com

Ramcoind

Posted by : pallavac
Price when posted : BSE: Rs 59.00 ( -3.52 % ), NSE: Rs. 59.35 ( -2.63 % )

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this is very good company but there is no price movement at all in this bull market also. please advise...