Inox positive on possible Reliance ADAG acquisition: Hiren Samani

In a chat with ET Now, Hiren Samani, Equity Research Analyst, AK Stockmart, gives his views on Inox and its possible acquisition by Reliance ADAG.

Do you think this is going to augur well for Inox now that an Ambani is trying to step in?

If you see Reliance ADAG was looking to acquire Fame and though it did not succeed and Inox had a majority buyout but now since its looking at acquiring Inox, I believe it would be definitely beneficial for Inox going forward because the reports that I have read this morning suggest a `120 per share that its quoting at, so I believe that is a significant upside for a company like Inox.