for the proposed change in control of the Company. Moody’s Singapore Pte. Ltd. (the “Acquirer”), a company belonging to the Moody’s group, made a conditional open offer (“Open Offer”) to acquire 26.5% of the equity share capital of the Target Company from the public shareholders of the Company, under the SEBI
12.44 PM Jun 30th 2014
"Based on RIL`s March 2014 annual report, we estimate that it has already invested about Rs 400 billion (Rs 40,000 crore) in Reliance Jio, and we expect RIL to invest the next Rs 300 billion in Reliance Jio over the next two years," Moody`s Investors Service said in a statement.
1.11 PM Jun 28th 2014
BIG BIG NEGATIVE news for Reliance as Moody points out that the ongoing delay in price hikes and the uncertainty around the likely resultant prices will discourage upstream producers from further investments in exploration and production in India. SELL Reliance for a 3 digit figure tomorrow morning...
7.07 PM Jun 26th 2014
News Round-up:t *RBI`s LCR guidelines credit positive for banks: Moody`s *PSU banks` asset quality woes likely to continue: Fitch *No big Budget cut seen in rural subsidy, welfare spend: JPM *Sharp correction unlikely, Sensex to hit 30K by Dec: Ambit *Indian cos may raise $12-15 bn in FY15
8.51 PM Jun 16th 2014
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