Heard on the Street: All eyes on Network18 rights issue
nvestors and analysts, who have been starved for details of the recent deal between Reliance Industries and Network18, are hoping for some clarity when Network18 comes out with a rights share issue.
By Nishanth Vasudevan, ET Bureau | Updated:
Investors and analysts, who have been starved for details of the recent deal between Reliance Industries and Network18, are hoping for some clarity when Network18 comes out with a rights share issue.
A banker said Network18 may disclose details of this deal in its rights share issue prospectus. Investors are hoping that the prospectus will disclose the terms, mainly the pricing of the optionally convertible debentures, which have been issued to Reliance Industries recently.
Reliance shares rose 1.8% to Rs 748.35 on Wednesday.
(Contributed by Nishanth Vasudevan)
A banker said Network18 may disclose details of this deal in its rights share issue prospectus. Investors are hoping that the prospectus will disclose the terms, mainly the pricing of the optionally convertible debentures, which have been issued to Reliance Industries recently.
Reliance shares rose 1.8% to Rs 748.35 on Wednesday.
(Contributed by Nishanth Vasudevan)
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