Pravin bhai...also some rumours about jm financial cropped up..have taken small quantity in it myself(hardly 2k bucks worth of investing will buy more when it goes below 34...as FII also increased stake i guess rumour will come true just like BOR )
But another rumour going around is Idea Being bought by mukesh...But according to present valuations its value is 16500 crore...But Birla group saying if offer of around 49000+ crore come than only theyll think...So a JV with Videocon or all 3 combine going around...what is your say on IDEA and VIDEOCON
Shares of financial services provider JM Financial on Monday soared nearly 20 per cent on the BSE amid reports that Reliance Industries Ltd (RIL) is in talks to buy a majority stake in its asset management firm.
According to media reports, Mukesh Ambani-led RIL is in talks with JM Financial group to buy a majority stake in JM Financial Asset Management Pvt Ltd, which JM Financial has denied.
Shares of JM Financial climbed 19.97 per cent to hit the upper-circuit at Rs 38.15 on the Bombay Stock Exchange and on the National Stock Exchange, the stock jumped to a high of Rs 38.10, up 20 per cent.
However, JM Financial in a regulatory filing on the BSE, informed that there is no truth to the reports.