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RIL may go for Reliance Jio IPO et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jun 25, 2018 1:50 PM 2 min read
Editorial

End of Day Wrap-up (Monday / June 25, 2018) #RIL #Reliance #RelianceJio #IPO #Oil #ARAMCO #SaudiArabia #Idea #Vodafone #Uber #London #IDBI #LIC #Amazon #Transfin

Editor's Comment: RIL may go for Reliance Jio IPO once consumer business overtakes energy business in terms of revenue. Currently Reliance Jio is a subsidiary of Reliance energy.

 

Abu Dhabi National Oil Company (ADNOC) joins Saudi’s ARAMCO, buying stake in Ratnagiri refinery. Together they will hold 50% stake in the refinery which is expected to come on stream by 2025.

 

Idea-Vodafone merger likely to get delayed as DoT readies fresh demand of INR4, 700cr, as the merger was due on 30 June 2018. This demand will be raised from Vodafone India before its merger with Idea Cellular.

 

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Uber battles to overturn decision by regulator Transport for London to suspend its London licence. Uber looks to convince the regulators that it has changed. Uber has added a 24/7 telephone helpline, proactive reporting of serious incidents to the city’s police.

 

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