Markets climbing higher
The markets opened firm today in the morning tracking the recovery in Asian markets.The markets were closed for a brief period of time due to sun outage. After re opening at 12.50 pm the sensex is trading 280 points up at 12860,while Nifty is 87 points up at 3714.
The most talked about news today is the Reliance IPCL merger.IPCL advanced 6.58% to Rs 246.90, after Reliance Industries said its board will meet on 10 March 2007 to consider a proposal for merging subsidiary IPCL with the company. Much talk is there regarding the swap ratio of RIL-IPCL.Also the argument if the IPCL shareholders will benefit from this merger or not.Here are some interesting articles about the news of the day of RIL-IPCL merger.
RIL to fold in IPCL to bolster net worth.The move is aimed at strengthening RIL’s balance sheet at a time when the company is seeking to raise funds.Swap ratio of between five and six shares of IPCL for every share of RIL. (Source:livemint)
No positive sentiments for IPCL shareholders.The article says given the ratio of promotors' holding in RIL and IPCL, the merger may not be in favour of IPCL shareholders.Swap ratio of two shares of Reliance Industries for every eleven shares of IPCL.(Source:Moneycontrol)
IPCL merger with Reliance Industries likely to add more than Rs 11,000 crore to RIL's balance sheet.The article states that "Analysts also said the merger may help Reliance increase its revenue from chemicals by as much as 4 per cent to 48 per cent of the total".Based on the price to earnings method, analysts said one share of Reliance could fetch four shares of IPCL. On the other hand, by using the book value formula, the swap ratio would come to 1:2. But the market was abuzz over a swap ratio of 1:6.(Source:Business standard)
The most talked about news today is the Reliance IPCL merger.IPCL advanced 6.58% to Rs 246.90, after Reliance Industries said its board will meet on 10 March 2007 to consider a proposal for merging subsidiary IPCL with the company. Much talk is there regarding the swap ratio of RIL-IPCL.Also the argument if the IPCL shareholders will benefit from this merger or not.Here are some interesting articles about the news of the day of RIL-IPCL merger.
RIL to fold in IPCL to bolster net worth.The move is aimed at strengthening RIL’s balance sheet at a time when the company is seeking to raise funds.Swap ratio of between five and six shares of IPCL for every share of RIL. (Source:livemint)
No positive sentiments for IPCL shareholders.The article says given the ratio of promotors' holding in RIL and IPCL, the merger may not be in favour of IPCL shareholders.Swap ratio of two shares of Reliance Industries for every eleven shares of IPCL.(Source:Moneycontrol)
IPCL merger with Reliance Industries likely to add more than Rs 11,000 crore to RIL's balance sheet.The article states that "Analysts also said the merger may help Reliance increase its revenue from chemicals by as much as 4 per cent to 48 per cent of the total".Based on the price to earnings method, analysts said one share of Reliance could fetch four shares of IPCL. On the other hand, by using the book value formula, the swap ratio would come to 1:2. But the market was abuzz over a swap ratio of 1:6.(Source:Business standard)
Labels: nifty, RIL-IPCL merger, sensex
posted by SY at 12:46 PM
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