A place for my stock market thoughts, general thoughts on investing and trading. And guidelines on future moves based on technical analysis aka charting.
Tata Teleservices - zero down side and 15% immediate returns : Open Offer at Rs 24.70/-Japan's largest mobile operator NTT DoCoMo on Wednesday became the latest entrant in the growing mobile telephony market when it picked up a 26 per cent stake in the Tata Teleservices for a consideration of $2.7 billion or Rs 13,070 crore. This deal would value TTSL, with its customer base of 30 million, at over $10 billion. DoCoMo Inc later on Friday announced a Rs 949 crore open offer to the shareholders of Tata Teleservices for up to 20 per cent equity at Rs 24.70 per share.
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