Tue, Jun 11, 2013 at 09:02
Brokerage: Morgan Stanley
Target: Rs 58
Rationale: The company will acquire the business assets and liabilities of US based livewire mobile. However, the acquisition would significantly lower its net cash position. Achieving the revenue and EBITDA targets from this acquisition would be key, to making the deal positive for the company.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.