Monday, June 16, 2008

A costly legal fight means negative for Rcom

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

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