Speaking to CNBC-TV18, Jagannadham Thununguntla of SMC Global says that investors will be better off thinking there will not be a non-compete fee. "If any non-compete fee comes, it will be like a windfall gain, but entering the stock in the anticipation of that non-compete fee may prove to be costly," he warns.
SP Tulsian of sptulsian.com and Sandeep Parekh, founder, FinSec Law Advisors speak to CNBC-TV18 about Cairn Energy's green signal that it will sell up to 40% stake in its Indian unit to mining group Vedanta Resources.
Aakanksha Sethi of CNBC-TV18 reports on the proceedings of the new takeover code discussion. SEBI is expected to finally come out with the decision on June 30.
Coromandel International touched an intraday high of Rs 330 and an intraday low of Rs 316.55. At 09:21 hrs the share was quoting at Rs 330, up Rs 14.85, or 4.71% on the NSE. Coromandel International has acquired 42.2% stake in Sabero Organics, reports CNBC-TV18.
The finance ministry held stakeholder consultations on the takeover code on Thursday. CNBC-TV18's Aakansha Sethi shares more details on the issue.