Select Your Language

The Time of Mergers, Demergers and Acquisition

Although July has been pretty volatile for the BSE Sensex , this July month has seen its ups and downs and was effected in tits and bits by geo-political reasons ,profit bookings and the post budget effect and owing to this the BSE Sensex has just managed to gain 200 points so far that is just 1% .So lets wait the dust to settle down and we will see that the markets will sore to the newer highs of 30,000 and 10,000 respectively pretty soon.



The financial technologies India Ltd is all set to sell its 25% approx stake in power trading platform that is ( IEX) and they have appointed Axis capital to search for a buyer ,  and on the other FTIL is under watchful lens of the regulators as they were last year found to be guilty in the National Spot Exchange owned by it Now the company will divest its most of the stake because as per the new rules on shareholding in commodity exchanges bar an unfit shareholder from owing any stake in bourses .Now even telecom companies are to share spectrum within the circle which would lead to better services along with lower tariffs and thus would save on costs .News is dropping in that four companies zero in to buy stake in Viom Network which is controlled by Tata Teleservices and who reaches with the baton first among Malaysian telco Axiata ,Carlyle and providence , American tower company is to be seen .