Beware of prices paid for equisition? Such high prices for stake in telecome sector prooves my point that Indians are bleeding and making rich richer by all means.Hutchs sale price reflects that margin of profits earned by companies are very very high but state is not paid its due taxation.
RE:Hutch take over bids
by vikas bhansali on Jan 11, 2007 04:51 AM Permalink
this seems like a socialist comment on a economic situation.. the market price reflects the growing rpu in the telecom market; also the fact that Indian corporate valuations are closing Gap with their global counterparts; check Vodafone, 2005-06 net losses of 19 billion dollar, yet market cap of 275 billion and pe of 30, while hutch essar still talks of market cap of 20 bn with almost half the subscriber levels... power of globalization would bridge that gap i am sure
