“1.3 billion people to be served by three operators has to be seen as a dream run.”
“The primary risk of investing is the risk of paying too much."
“We have been quite conservative and we generally are little a bit risk averse.”
Bharti Airtel’s deal with Tata could fetch benefits worth well over Rs 30,000 crore.
Mukesh Ambani is expected to react to govt’s indications on oil reforms as there are reports that the new govt may re-work gas price calculation.
Manoj Gaur, chairman, Jaypee Group in the month of March indicated that the Vishnu Prayag project, will start in three weeks from now.
The real estate giant is desperate to cut debt from its balance sheet, but the state of the market is so weak that previous agreements are coming apart.
At 11:30 a.m.; the stock was at Rs 325.35, up 1.83 per cent, on the BSE. It touched a high of Rs 330.70 and a low of Rs 320.70 in trade today.
The promoters, who own 77 per cent stake in the company, are likely to raise around $65 million via OFS route.
According to sources, the QIP will be priced any between Rs 560-570 per share. The bank is expected to begin road shows for domestic investors from today.
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