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Vijkm
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Joined: 05/May/2007
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Posts: 76
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   Posted: 08/Jun/2007 at 9:41am |
Hi Devesh,
Is indiabulls financial services or Relicance capital is better buy now for investment purpose?
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Vijay
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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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Posted: 08/Jun/2007 at 10:17am |
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I think Indiabulls would be a good buy during correction.Indiabulls correct more than Rel Cap.If you can get Rel Cap at 930,than its a good buy,else stay away..
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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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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 08/Jun/2007 at 11:35am |
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Though I have no interest in any of them Rel cap is more diversified and stable whereas returns could be higher in Indiabulls. SO it is more of a risk reward game.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Vijkm
Groupie
Joined: 05/May/2007
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Posts: 76
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Posted: 09/Jun/2007 at 12:30pm |
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Thanks Devesh & Basantji for the feedback. May buy indiabulls..
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Vijay
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 11/Jun/2007 at 10:13am |
Reliance Capital, the non-banking finance arm of the Anil Dhirubhai Ambani Group (ADAG), is planning to foray into investment banking to broaden its offerings in the financial sector.
The company, which has presence in asset management, retail broking and insurance businesses in the country, intends to start the investment bank in partnership with a foreign player, a person familiar with the development said. He, however, declined to divulge further details.
Reliance Capital’s vice-chairman Amitabh Jhunjhunwala is said to be overseeing the initiative and the company has initiated talks to rope in key executives.
A Reliance Capital spokesperson declined to comment on the development. An email query to the company did not elicit any response. According to bankers, Reliance Capital’s partner for the investment bank could be a foreign firm with no presence in India till now.
Some of the names taking the rounds are the US-based Bear Stearns and Paine Webber. Investment bankers said Reliance Capital would provide the knowledge of local markets, while the foreign partner would bring in the technical expertise. The proposed launch comes at a time when there is a surge in capital raising activity in India, with several cross-border mergers and acquisitions (M&A) firming up.
However, analysts tracking Reliance Capital are unsure about the value an investment bank could bring to its balance sheet. According to an analyst: “It will depend on the size of the venture (investment bank) and how they plan to go about the business. But as per the trend, the size of the operations can be significant.”
Investment bankers from rival firms said Reliance Capital can have a significant presence in the investment banking business, given the fact that it holds minority stakes in various companies across sectors. They feel Reliance Capital could secure fund-raising mandates of these companies.
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Life can only be understood backwards—but it must be lived forwards
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kaushalchawla
Senior Member
Joined: 01/Sep/2006
Location: India
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Posts: 348
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Posted: 13/Jun/2007 at 7:44am |
Through this i-bankiing, do they want to transfer idhar ka paisa udhar....i meant iski topi uske sar...(tranfering money from one company to other)...now that they have lot of public money thru AMC......
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How much trust can you folks have in Ambani??
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Warm Regards,
Kaushal
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nav_1996
Senior Member
Joined: 08/Sep/2006
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Posts: 803
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Posted: 13/Jun/2007 at 8:24am |
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First thing I would like to understand how much they hold in Life Insurance. I am yet to get a clear picture.
Also, do they hold 100% in Reliance AMC.
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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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Posted: 13/Jun/2007 at 11:51am |
Through this i-bankiing, do they want to transfer idhar ka paisa udhar....i meant iski topi uske sar...(tranfering money from one company to other)...now that they have lot of public money thru AMC......
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How much trust can you folks have in Ambani?? |
huh? By investment banking, they mean that Reliance Capital is now going to help companies raise equity (through IPOs and private placement) and debt (FCCB/ECB etc). Other activities include helping their customers acquire/merge with other companies.
Big investment banks like Bear Stearns, Merrill Lynch, Goldman Sachs etc trade in equities, currencies, commodites and derivatives (with their own money). Reliance Capital is already trading in equities anyway - take a look at their investment portfolio.
Each Indian MF is governed by independent trustees. So don't worry - Reliance MF won't use your money to further their investment banking business.
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