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Recs 9

RELIGARE ENT


posted by amittal007 on Tuesday, August 18th, 2009


Out of the $2.2 bilion the brothers received, they have already spent a $100 million on the purchase of a London based Financial Advisor, paid their taxes of around $200 million, and set up the Life Insurance and Wealth management Companies which may each require well over $400 million for their expansions in the targeted 500 odd towns in India. This purchase is the likely crown jewel along with the other purchases for Religare Enterprises and Vistaar Entertainment and other investments like Religare Technova (Asian CERC Content and IT platform businesses) together would account for almost all their cash. Depending on the IPO market would anyway be required at a later stage in the expansion of these services. I would assume they would like to keep at least 30% or $600 million of their cash safe for such expansion later.

posted by amittal007 on Tuesday, August 18th, 2009


hi

posted by asok Wednesday, August 26th, 2009


religare i buy @414/-
it is 420/- in 2days

posted by asok Wednesday, August 26th, 2009


hey asok, how come ur not active?

posted by amittal007 Thursday, August 27th, 2009


hey asok, how come ur not active?

posted by amittal007 Thursday, August 27th, 2009


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