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Rinku
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Joined: 06/Apr/2007
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Posts: 313
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   Posted: 05/Aug/2007 at 6:08pm |
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ok thanks basantiji
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deveshkayal
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Joined: 04/Sep/2006
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Posted: 05/Aug/2007 at 12:29pm |
Shareholders of leading media firm TV Today Network have spurned an open offer from Anil Ambani Group company Reliance Capital, which could garner only 200 shares as against a proposal to buy up to 1.16 crore shares.
Reliance Capital had on April 20 made an open offer to shareholders of TV Today for acquiring 1.16 crore equity shares of Rs 5 each, representing 20 per cent stake in the media firm for a total consideration of over Rs 151 crore. RCL on Friday informed the Bombay Stock Exchange that only 200 shares were tendered in the open offer. The open offer was made at a price of Rs 130.50, a discount of 24.52 per cent to today's closing of TV Today scrip at Rs 162.50 on the BSE. Reliance Capital had announced the offer to the shareholders of TV Today on April 20, when the offer price price had been at a discount of nine per cent. The open offer had begun on June 27 and closed July 16. RCL at present holds about 12 per cent stake in TV Today Network, which runs news and current affairs channels Aaj Tak, Tez and Dilli Aaj Tak in Hindi and Headlines Today in English. ----------------------------------------
kanjoos Ambani ! he will never pay more...
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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Rinku
Senior Member
Joined: 06/Apr/2007
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Posted: 05/Aug/2007 at 2:30am |
Originally posted by deveshkayal
Shareholders of leading media firm TV Today Network have spurned an open offer from Anil Ambani Group company Reliance Capital, which could garner only 200 shares as against a proposal to buy up to 1.16 crore shares.
Reliance Capital had on April 20 made an open offer to shareholders of TV Today for acquiring 1.16 crore equity shares of Rs 5 each, representing 20 per cent stake in the media firm for a total consideration of over Rs 151 crore.
RCL on Friday informed the Bombay Stock Exchange that only 200 shares were tendered in the open offer.
The open offer was made at a price of Rs 130.50, a discount of 24.52 per cent to today's closing of TV Today scrip at Rs 162.50 on the BSE.
Reliance Capital had announced the offer to the shareholders of TV Today on April 20, when the offer price price had been at a discount of nine per cent. The open offer had begun on June 27 and closed July 16.
RCL at present holds about 12 per cent stake in TV Today Network, which runs news and current affairs channels Aaj Tak, Tez and Dilli Aaj Tak in Hindi and Headlines Today in English.
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kanjoos Ambani ! he will never pay more... |
Thats good right for Shareholder of Relience capital
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xbox
Senior Member
Joined: 10/Sep/2006
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Posts: 2001
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Posted: 05/Aug/2007 at 5:23am |
If Open offer by ADAG on TV Today is any indication, we can fairly assume his intentions. This could be just academic exercise from him. Who knows what he is planning for TV18 front. In Media space, greenfield is out-of-question, so may be he will go for hostile bid in media space.
In media, hostile bids, M&A is very very common, I feel one day ADAG wants either TV18, NDTV or ZEE in his pocket.
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Don't bet on pig after all bull & bear in circle.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 05/Aug/2007 at 8:07am |
In his quest to build a financial behemoth, Anil bhai might try integration of all sorts....vertical, horizontal and what not. Let's see...it would be interesting times in years to come.
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Life can only be understood backwards—but it must be lived forwards
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CHINKI
Senior Member
Joined: 07/Feb/2007
Location: India
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Posts: 2827
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Posted: 05/Aug/2007 at 11:24am |
Originally posted by deveshkayal
Rel Cap back at 1120  ...This is what happens when the delivery volume is at 15-20% daily!!
Rel MF AUM at the end of 31st July stands at Rs.66,420 crs..much above my expectation... |
Deveshji, is that is the reason (day trading) for the price to move??
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TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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Posted: 08/Aug/2007 at 11:22pm |
Deveshji, is that is the reason (day trading) for the price to move??
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I think so.....
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Local corporates have come forward to pick up stakes in regional stock exchanges (RSE) in Gujarat. Both Vadodara Stock Exchange (VSE) and Ahmedabad Stock Exchange (ASE) have been approached by companies, apart from national biggies like IL&FS and Reliance Capital.
VSE is considered as one of the best RSEs in the country with average daily turnover of Rs 100 crore through its subsidiary on BSE and NSE platforms. VSE also manages about 48,000 demat accounts. (ET)
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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deveshkayal
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Joined: 04/Sep/2006
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Posts: 3903
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Posted: 13/Aug/2007 at 12:08pm |
Reliance Money goes rural; eyes 10,000 outlets
Reliance Money, the financial products distribution company of Anil Dhirubhai Ambani Group, on Monday launched services in rural markets with an initial target of tapping 1,000 talukas across five states in the country.
The broking and distribution arm of Reliance Capital also announced its tie-up with Rural Relations, a rural consumer relations organization, for identifying partners and locations for rolling 10,000 outlets in over 5,165 talukas across India by the end of this fiscal. A taluka consists of about 1,000 villages on an average.
Rural customers will have to pay an annual premium of as low as Rs 25 for insurance policies, while systematic investment plan of as low as Rs 50 and Rs 100 per month was available for mutual funds.
"This is our effort to take financial instruments to rural masses and give them an opportunity to invest in various financial products like mutual funds, stocks and gold coins and secure their lives and other valuables by taking adequate insurance covers," Reliance Money CEO and Director Sudip Bandyopadhyay told reporters here.
Reliance Money is looking to open over 20,000 outlets and 10,000 kiosks across the country by the end of this year. Out of the total outlets, 10,000 would be for rural markets while the remaining half would be in urban areas.
The company already has presence in 727 cities and towns across India. The new initiative would entail Rural Relations scanning over 100,000 people in 5,000 towns and identifying 10,000 franchisees for Reliance Money over the next one year.(ET)
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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