No stock stuff please :) 2022 wise I'll still own a car and use Ola/Uber when I don't feel like driving! Thinking about weight reduction is like an SIP, it happens every month :)
Zee says there is no open offer in a merger - even if effectively Sony is adding cash to buy 53% of the entity that will be merged with Zee.
Is the AGM called off? Asks a caller
This call is for the merger, we cannot comment on whether the EGM called (by Invesco/Oppenheimer) will be called off.
Means those folks haven't been brought on board for the deal?
Valuation: Sony will add 1.6 billion roughly - so around 12,000 cr. - to Sony India, and then they merge, and then Sony will own 53% of the merged entity.
Yesterday's mcap of Zee was 24,000 cr. This means the current 24,000 cr. = 47% of eventual company.(contd)
Finally, a better map of the world in the RBI Bulletin - moving away from that degrading Mercator projection.
Toll collections are back, but EWay bills are still not close to the peak in March, yet.
Vehicles and transport don't look greawt. Petrol consumption (by volume) is up above Feb 2020, but Diesel and others are still low. Vehicle registrations still struggling.
A movie theater is no longer about the movie. Its about the experience, the going out, the togetherness, the popcorn and all that.
Coffee shops taught us that. The coffee is crap and irrelevant.
Investing sometimes is that too. The narrative drives the feeling of superior returns even if the returns are not. You want the narrative because oh god how can't it be so boring as just buying an index.
The world eventually optimises for behaviour, not rationality.
Its the same with everything..we judge books by the cover and make idioms in the hope we don't.
We build technology to help isolate us from each other, and after enough of it everyone just wants to meaninglessly meet.
SEBI will allow accredited investors a more relaxed framework (for PMS, AIF etc): lower minimums, unlisted stocks etc. To be one
- your net worth must be 7.5 cr. (half in financial assets like MFs/stocks)
- OR you have an income of 2 cr.+ a year
- Or Income 1cr+Networth 5 cr.
Primary house can't be used in net worth.
For Companies net worth should be 50 cr+
Needs certification by an accreditation agency
For accreditation, you'll need to give PAN card, Passport/Aadhaar and IT returns for one year or a certificate from a CA for net worth, plus demat acct statement (where applicable)
Accreditation for 1 yr if you give docs for 1 yr
for 5 years if you give last three years docs.