Pratish's Feed
Oct 12, 2009

Ambani brothers truce seen unlikely; hurdles remain

MUMBAI, Oct 12 (Reuters) – Indian billionaire Anil Ambani’s
call to end a bitter feud with his elder brother Mukesh over
the split of the Reliance business empire is unlikely to lead
to a quick resolution before a hearing in a feud over gas
supplies.

Shares in firms controlled by the brothers rose on Monday,
on hopes for a resolution after Anil Ambani on Sunday made an
impassioned call to end the impasse, but analysts said the
gains may be short lived.

Sep 30, 2009

Solid Oil India debut lifts govt stake sale hopes

MUMBAI, Sept 30 (Reuters) – Oil India <OILI.BO> gained as
much as 10 percent on its trading debut after the state
explorer’s heavily subscribed $570 million IPO, boosting
government plans for selling stakes in other companies.

Analysts had expected Oil India’s shares to rise 5-7
percent, and the better-than-expected listing will allay fears
of waning investor appetite following tepid recent market
debuts for state-run hydropower producer NHPC Ltd <NHPC.BO> and
private utility Adani Power <ADAN.BO> that had together raised
$1.9 billion.

Sep 29, 2009

Explorer Oil India seen up 5-7 pct on debut

MUMBAI, Sept 29 (Reuters) – Shares in Oil India <OILI.BO>
are expected to rise 5 to 7 percent on debut on Wednesday
following lukewarm starts by two recent large listings,
although traders said firm demand for the stock should help it
hold on to gains.

Oil India, the second state-run firm to go public this year
after utility NHPC Ltd <NHPC.BO>, raised $570 million at 1,050
rupees a share in an initial public offering that was
subscribed more than 30 times.