Reuters
Market Eye - Shares in Tata Global Beverages Ltd(TAGL.NS) fall 6
percent after reporting on Tuesday July-September operating profit of
1.6 billion indian rupees lagging some analyst estimates.
Dealers also cite equity dilution concerns after the company
announced a merger of Mount Everest Mineral Water Ltd (MEMW.BO) with
itself, which is also seen weighing on the stock.The company on Tuesday announced a swap ratio of 3 shares of Tata Global for every 4 shares of Mount Everest Mineral Water.
Shares in Mount Everest Mineral Water are down 4.3 percent.
($1 = 63.6375 rupees)
ajay singh thakur
PGDM 1SEM
No comments:
Post a Comment