The Hindu Business Line : Will RIL-RCom spat affect markets?

‘Mukesh Ambani led Reliance Industries has warned South Africa’s MTN of legal action,’ read out Jogin. Khan explained that RIL feels any agreement between MTN and RCom will be a breach of the agreement between the Ambani brothers. So here we again have the Ambani brothers going at each other’s throats, spoke Dakshinamoorthy. Sridevi had a different thought on her mind. Both Ambanis have companies that represent quite a chunk in the stock markets. Could the spat provide affect the fortunes of the listed companies? Tune into Market Chat…

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Jog: Does mota (Mukesh) bhai hv a case?

Sri: He hs gone bk to some deal in 2006

Dax: I say go shrt on Rcomm. Da deal is off!

Kay: Don’t say dat. MTN-Rcom r still talking!

Sri: RIL hs 15.86% weight inn Snsx. Rcom hs 3.78%

Jog: RIL has sent a letter to RCom claiming 1st RoFR.

Dax: Wats dat? Right of First Refusal?

Kay: RIL hs 1st right to buy controlling stake in RCOM

Sri: If Anil Ambani wants 2 sell equity, then only na?

Dax: Ds RIL hv a point? Is da agreement valid?

Jog: Luks RIL is on a strng wkt.

Sri: A costly legal fight means negative for Rcom.

Jog: RIL mite be lying. It dsnt wnt deal to hppn.

Dax: As invstrs we shd c threats. Let c wat hppns.

Kay: Wateva! Wat to do wid RIL stk? Buy?

Dax: Nt RIL. Bt RPL. Spprt at 170.

Kay: Ohhh. Bt if da deal goes thru, Rcom is a winner!

Dax: May be. Bt I think u wil get time to buy it lwr.

Sri: Ambanis always fighting. See Singh brothers.

Jog: True. Sm deal that. Ranbaxy sold. I cnt believe.

Dax: Wat r gonna do to stk u hld in Rbxy.

Sri: Tender in open offer. Acceptance ratio is 1:3

Jog: Bt wat if shares rise aftr open offer?

Kay: U will hav two left na. Sell them wen price s up.

Dax: Pharma looks set for a re-bound. Hav bin waitin.

Sri: Guys, I hrd Sensex is changing. Who is cumin?

Kay: Tata Pwr and Sterlite in…

Dax: Cipla and Ambuja Cements out!

Sri: Hw do u guys see Snsx on Monday?

Jog: Gap-up. Dow clsd 166 pts up. Global cues +ve.

Kay: FMCG, tech stks luks safe bet. Dabur?

Dax: Anyone for seed cos? Like Kaveri Seed Co.

Jog: I hv Monsanto, Advanta.

Kay: Hmmm. Food also looks a gud ‘play’.

Jog: Fertiliser stks are gud bets too.

Kay: Wen is Bafna Pharma getting listed?

Sri: May be dis wk. Dnt knw for sure. Chk BSE.

Kay: Wats the tech call for Snsx?

Jog: One view sez Snsx cn recover from current levels

Dax: Move higher?

Jog: Yes. To 16600 or even 17600!

Sri: Wats the other view. Bad is it?

Jog: If indx fails to rise beyond 16k, den below 14k

Sri: Yikes! God forbid if at hppns.

Dax: Oil@135, inflation@8.75% - all negative

Kay: Only Ambanis cn save us. Kuch news nikalo!

Jog: Hey, hrd auto stks cud face prblm.

Kay: Xtra excise duty on large car, SUV and MUV

Sri: Oh no! I hv Maruti and M&M. Bad fr sales.

Kay: Looks like a rough ride dis week (logs off)

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Kum with inputs from Bad and Lee

Blog at http://MarketChat.blogspot.com