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RCom-MTN merger may be traded on LSE after some time

RCom-MTN merger may be  traded  on LSE  after some time

Introduction:Anil Ambani led Reliance Communications(RCom), is in talks with MTN to form a telecommunications company valued at about $70 billion. According to industry sources, Reliance Communications (RCom) and MTN Group are exploring the possibility of a secondary listing on the London Stock Exchange (LSE) for the merged entity, in case the proposed reverse merger takes place. Both the companies are trying to close the deal on a reverse merger, under which RCom would become a subsidiary of the MTN Group and its chairman Anil Ambani would hold 28-30 percent in the merged entity. This would make Ambani – who holds 66 per cent in RCom – the largest shareholder in the merged firm.

Reliance Communications (formerly Reliance Infocomm), along with Reliance Telecom and Flag Telecom, is part of Reliance Communications Ventures (RCoVL). According to National Stock Exchange data, Anil Ambani controls 66.75 per cent of the company, which accounts for more than 1.36 billion shares of the company.Reliance Infocomm is an Indian Tecommunications company. It is the flagship company of the Reliance-Anil Dhirubhai Ambani Group

Reliance Communications in corporate as a pvt ltd company on 15-07-2004 and convert public ltd. on 25-07-2005 and Reliance Communications ventured limited the date is 03-08-2005 Considering the Leo rising Ascendent of RCOM, Lords of Ascendent, second house and the 11th house are in conjunct in the 12th house. Further Lords of the 6th and 7th house are also posited there. In the London Stock Exchange RCOM may have benefits of listing. But the transit of Ketu may delay the finalising of the deal. The transit of Jupiter from the fifth house may play a significant role in the finalization of the deal. At present the foundation of the deal may be set but the deal will get finalised after some time.

– The Lord of the Second house is posited in the 12th house, so RCOM always gets benefits from

overseas deals.

– From February 2009 to March 2009, there is a possibility that RCOM may takeover any other MNC.

Conclusion: Reliance Communications(RCom) may try to stitch a deal with MTN but the deal will get finalised only after some time, predicts Ganesha. Anil Ambani eyes to be a major shareholder in RCom and MTN after the firms combine in a reverse takeover, portends Ganesha.

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With Ganesha’s Grace,
Dharmeshh Joshi,