RELIANCE AGM more clarity sought-Too Much expectation built
RELIANCE many rumours – first RCOM 26%stake , then stake buy in Reliance Infratel through buying GTL INFRA, then bidding for UMPPs for entering power sector, stake in FORTIS 26% and latest 26% stake in PIPAPAV SHIPYARD – no rumour is yet confirmed and if there isn’t any sign of such things happening in AGM the stock may turn soft going into expiry next week. It will be interesting to see if Mr Ambani talks about what RELIANCE wants to do with all the cash it has raised – first with treasury stake selling and then seeking $1bn via foreign loans.
Reliance Industries' new agenda for growth http://economictimes.indiatimes.com/quickiearticleshow/6063370.cms
