Sesha Utters

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The Biggest Telecom deal Ever Made-Vodafone to buy Alltel 28M(USD)

Posted by seshdotcom on June 9, 2008

On Thursday in a press meeting Verizon said that it would buy Alltel for $28.1 billion,including 22.1$ in debt,Verizon Wireless Said that the Equity value of the deal would be $5.9 billion,VERIZON WIRELESS is a Service Provider company in which 55% of the Shares are owned by Verizon and 45% of the Shares are Owned by Vodafone Group…The Alltel company was actually owned by TPG Capital Group and Goldman Sachs(GS) and they made the deal for 27.5 Billion USD…
THIS ACQUISTION WOULD BE THE BIGGEST TELECOM DEAL SINCE AT&T Mobility bought Bellsouth in 2006..And if this deal is completed Successfully then VERIZON/VODAFONE will have the 67.2 Million customers and will become the Largest Wireless Carrier

THANKS:Business India

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Sudden Slump in Bradford&Bingley(B&B) Shares

Posted by seshdotcom on June 4, 2008

Shares in Bradford and Bingley( Bradford & Bingley International ) fell by 30% on Monday after the bank issued a Profits warning,agreed to a massive cash injection from a US Investment Fund and lost its Chief executive,B&B which deals in mortgages for investors buying homes to let out,saw its shares dive by 28.05% to 63.5 Pence in early trade,valuing it at 392 Million Pounds..The Cash Strapped bank,which has suffered from the property market slowdown,warned that increasing levels of unpaid debt had slashed Profits and Gains this year.Bradford and Bingley has also decided to sell more than a fifth of its capital to US Investement group TPG Capital(A private equity investment firm)for 179 Million Pounds…We all know that Bradford and Bingley was the Sponsor of the Tournament held between Srilanka and England in Srilanka and it also Sponsors Yorkshire County Cricket Club

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ORPAT to manufacture mobile handsets

Posted by seshdotcom on May 28, 2008

Orpat pulls a rabbit out of hat The Gujarat Based Telecom group called ORPAT has announced its interest in manufacturing the Mobile Handsets.ORPAT is the World’s largest manufacturer of Wall Clocks,is now making a impact in the Mobile sector with its low cost Multimedia Handsets which has primary targets on RURAL areas and it is expected to produce some 2m units by the end of this year…As a first step to this ORPAT has decided to set up a Manufacturing Unit in Morbi,Gujarat by 2009…Ortpat has 80 exclusive Showrooms and more than 50,000 retail outlets,which will act as a leverage for selling Mobiles…Orpat is one of the leading supplier of Calculator,timepieces etc in the Rural parts of India and now it has entered into Mobile Sector will ORPAT’S GAMBLE PAY OFF?????

We will get the answer in next 6-7 months

Till then this is sesha signing Off

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Posted by seshdotcom on May 28, 2008

TESCO COMES TO PRODUCTIVE INDIA TESCO(Public limited company) is a British based Public store and it mainly concentrated on selling of food products but later it Branched out into areas like clothing,electronics etc.,Now the Important thing is TESCO is going to come to India

TESCO tattles with the Wadias:

TESCO is in Talks with prospective Indian partners for a Joint Venture to roll out its cash and carry outlets and facilities..TESCO has approached the WADIAS and PARSVNATH Developers to start out a the TESCO outlets in various parts in India.The main slogan of TESCO has been Every little helps so hopefully if this deal clicks then it would make a Huge Impact in the TESCO Shares in the International Market.When asked about this to PARSVNATH Developers Chairman he said:We are in talks with global retailers and we hope to finalise our deal in next 2-4 weeks..

Notable among this deal is TESCO is having a Prolific Growth in this sector next to Wal-Mart.The evidence was Acquisition of Metro AG a German Retail chain and now a figment to come to India->

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Surge in Rubber Prices!!

Posted by seshdotcom on May 13, 2008

acclivitous RubberThere was a sudden surge in rubber prices touching 120 INR per Kg..The Quoted price stood at some 119.50…A rubber Factory manager from Kochi said the Sudden surge is because of tight supply situation in rubber…The Summer rains are also one of the Important cause for this exhorbitant price…So the officials say the Main cause for the rise in rubber other than nature are the Huge export they where doing to other countries which has considerably stopped the Supply of rubber in the local department

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LIC Not to support RANBAXY Takeover of Orchid

Posted by seshdotcom on April 10, 2008

LIC the single largest shareholder of OrchidLife Insurance Corporation of India the single largest shareholder of Orchid chemicals has announced that it will not support the RANBAXY Takeover of the Existing Management.Life Insurance Corporation of India which has about 7.8% of the Total shares of Orchid Chemicals admitted that it will not support the Hostile takeover of Orchid by Ranbaxy or Solrex Industries.A warhorse officer in Life Insurance Corporation of India told that “As per our Policy,we will not destabilise any existing management and we will never support Hostile Takeovers”.The other 30% stakes owned by other financial corporation also will play a major role in orchid’s Kismet.Mr.Raghavendra Rao the Architect of Orchid who incurred a heavy loss in a sell-off has welcomed LIC’s Decision and said he started the Company not to sell it to others but to make it a Lynch Pin in Chemical Industry

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RIL Industries finds treasure in Yemen

Posted by seshdotcom on April 9, 2008

The Reliance Oil Plant in yemen

The Yemen Buzz:Reliance Syndicate has made a remarkable discovery of Oil in Yemen.(Guess What is Significant with this discovery??????->It is the same Yemen where the Business Lynch pin Dhirajlal Hirachand Ambani worked as an attendant in a Petroleum Bunk in Shell Station.The discovery of the Vehicle Elixir was made in Block 9 Qarn Qaymah 2.Now as an Initial step the Company is making a survey of customer interests and according to Reliance it is a incalculable Monetary

Reliance in Yemen:

The RIL has been active in yemen from the year 2001 when it acquired some 25% stakes of the Block 9.And the main competitor to reliance in Yemen has been HOOD OIL Group,Subsidiray of an yemen based group Hayel Saeed Anam Group.The Reliance Industries owned Block 9 produces 10,000 barrels of oil per day which really guys is a very Exhorbitant Amount.

Hike in Reliance Shares:

There is a Huge margin of hike in Reliance share the RIL Shares closed then sensex on 2405.7 Rs on Monday which is an Increase in 6% of the Share value a week back so the Yemen Acquisition will make a Substantial Surge in the RIL share in the market.

So RELIANCE has emerged as one of the Largest Company in terms of Facilities opened,Sectors etc and this Acquisition and Discovery of the vehicle Elixir will surely enter into the Reliance Ind History Books as Indelible..


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Ranbaxy bids for Orchid-Combat lines in Pharmaceutical sector

Posted by seshdotcom on April 8, 2008


                   There is a fuss around the Pharma Industry as a slowcoach acquisition is made on the chennai based Chemical and Pharmaceutical Manufacturing Unit THE ORCHID CHEMICALS Karapakkam.A firm called Solrex Pharmaceuticals whcih sources say a Small unit of Ranbaxy Pharmaceuticals is all set to acquire some major portion of shares in Orchid chemicals around 10%.In the recent past Ranbaxy has been trying to get an niche in the Southern Market now it tries to achieve it through the Orchid Chemicals Acquisition..

The Orchid Conundrum:

                    Orchid shares were Bludgeoned  without mercy on March 17th when Promoter Holdings of about 7.5% were Sold by Stock dealers who had lent Mr.Kailasham Raghavendra Rao(MAnaging Director and founder of Orchid chemicals)to buy those shares.And Mr.Raghavendra Rao Lost some 75 Cr Rupees in the Selloff-( in  Business terminology is Selling of large quantity of shares for a low price which is typically done in a Motto of disposing them)And due to this the share lost 40% of its value one month back but now it has some how it has recovered from the Clobbering

                          Orchid chemicals employs some 3700 people out of which 600 are scientists and applied scientists.

Ranbaxy Confident:

               The Ranbaxy group solrex is confident with the Orchid deal eventhough Mr.Rao is taking all possible steps to bilk the Ranbaxy’s Bid.

Orchid Chemicals is one among the Top 15 Pharmaceutical Companies in India for almost a Decade and mainly its products were Exported to other countries and its Growth has been Prolific in last 5 years   

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Impelled kremikovtzi in dire straits

Posted by seshdotcom on April 7, 2008

Kremikovtzi at dawn Kremikovtzi is the Largest metalworking company in Bulgaria.In 1999 71% of company’s share was Bought by Daru Metals an Industrial Group in Bulgaria and later its name was changed to Finmetals Holdings and in 2005 100% of the Kremikovtzi’s share was sold to GSHL->Global Steel Holdings Limited owned by Mr.Pramod Mittal brother of Steel Tycoon Mr.Lakshmi Mittal.Mr.Pramod Mittal did several developments and renovated the comapny and in an interest to reach the Pinnacle conducted various investment Program to increase the quality and somehow attract the Public so that they invest in thier Company.

Products manufactured:Cast Iron,

Under what sort of Pressure is Kremikovtzi:

The investors and capitalists of the Kremikovtzi are demandaing for Quittance because the company defaulted in one of the annual Payments related to the Kremikovtzi’s 508 USD Bond.Now the situation is so bad that the company could not pay its workers.The Government of Bulgaria said that it would co-operate with anyone who would own 50% of the company’s Bond.The Huge debt which it has got to pay to the Creditors has put the Pressure on company’s Cash Flow.

Is Lakshmi Mittal a Contender to Kremikovtzi:

Reports say that LN Mittal brother of the Pramod Mittal is a strong contender who is competing with Mr.Zhevago and is waiting to reach an deal and he has put a Question Mark on many of the minds by accumulating bonds of the company from the market for which the Bulgarian Government has alos expressed Interest by saying” it would co-operate with anyone who would own 50% of the company’s Bond

In one of the interview to an daily Mr.Pramod Mittal said that “We are looking for an Strategic investor who can certainly turn around the things we don’t want to comment more on this subject

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GoAfEsT Kicks Off with a Glint at Cavelossim

Posted by seshdotcom on April 4, 2008

                                               The yearly festival of Indian advertising Industry MARGOAFESTVELLOUS got off to a Flyer yesterday at The Leela,Cavelossim beach.This carnival is one of the Goe’s leading tourist attractions about 300o delegates are expected to make thier way to the Goafest Tribal DDB India an interactive advertising agency won Silver in the last year AAAI in its journal has mentioned that Goafest is a “Deity in Form of celebration and the best technique to join forces for the Advertisers throughout India”.As the Industries and Delegates gather in large numbers they have also planned to stage parties on thier Own so that they would be Ostentatious…It also comprises of Mr.Shivkumar’s Speech on what is the asset the advertisers can expect from the agencies and media owners???????

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