The Cabinet Committee on Economic Affairs on Friday cleared the pending RIL-BP deal. According to him the news of the deal will be factored in the company's first quarter results to be announced on Monday.
Speaking to CNBC-TV18 shortly after the deal was approved, SP Tulsian sptulsian.com said RIL is likely to add Rs 15 to its stock price on Monday on account of RIL-BP deal and another Rs 8 on account of JV deal with Australia's UXA Resources. Below is the verbatim transcript of the interview of SP Tulsian on CNBC-TV18. Also watch the accompanying video. Q: What are your quick thoughts about the deal?
A: This was expected. This was merely a formality which is clear from the statements issued by the finance ministry. The ministry had said the oil ministry could have gone on its own (since) clearances were given by the ministries
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