Stocks in News

by khalid on 19/04/2010 · 0 comments

Bull Eye

Bull's Eye

Reliance Industries :- The company informed that they will buy a strategic stake in freight services firm Deccan 360, which is owned by Capt. Gopinath, for an undisclosed sum. The investment is being made through a wholly-owned subsidiary of Reliance Industries (RIL). The deal with Deccan 360 will boost the supply chain and logistics for RIL’s retail business, Reliance Retail, and also help Deccan 360 expand its network.
Impact on Bull : Positive

Mahindra & Mahindra :- The company informed that they will buy out its French partner Renault’s 49% stake in the joint venture, MRPL, for an undisclosed amount. The joint venture manufactures the Logan and Nashil. After the buy out Mahindra Renault will be a wholly-owned arm of Mahindra & Mahindra. Renault will continue to support Mahindra and the Logan car through a five-year license agreement and the supply of key components, including the
engine and transmission.
Impact on Bull : Positive

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