1. MUKESH AMBANI IS INERESTED TO GET INTO FERTILIZERS LINE N HE HAD BUY STAKEN IN GUJARAT ALKALI, SO FRNDS HAVE EYE ON THIS SCRIPT FOR NEXT 1 WEEK WTH 134 AS SL ON CLOSING BASIS N TGT 140-44-50..
2. Wipro to buy Infocrossing at $ 18.70 per share in all-cash deal; Deal size about $ 450-500 mn
Wipro to acquire Nasdaq listed Infocrossing and its subsidiaries.The target company is a Nasdaq Listed Company and is in Data Centre Space and IT outsourcing.I nfocrossing has 5 Data Centres, 900 staff in US
Wipro would buy Infocrossing at $ 18.70 per share in all-cash deal.
Deal size is about $ 450-500 million. Infocrossing FY07 revenues stood at $ 232.4 million, Net Income $ 9.3 million. Acquisition will be completed by December end.
BCOZ OF THIS DEAL N 2ND WIPRO IS ALLREADY NR IT 52 WEEK LOW, I THINK IT IS ONE OF BEST INVESTMENT CALL FOR SHORT TIME N LONG TIME, MY SHORT TERM TGT IS 500 N 1 YR TGT IS 700++ WTH 400 BELOW AS SL ON CLOSING BASIS..
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