Tuesday, May 29, 2007

Advanta to acquire Indian company

There is a rumour heard on the dalal street that the company is about to acquire a seed manufacturing company in India. Further the deal size is said to be around 75 to 80 crore of rupees. This is unconfirmed news.

The stock is rising continuously. Today at the time of posting this the stock was quoting at around Rs.1005 on the bourses.

Disclosure: We do not have any position in this stock.

No comments: