Reliance Mediaworks – Likely to de-list around 65 (CMP – 55) in 1 month from now
Dear Readers, Anil Ambani is on de-listing spree, first it was Reliance Broadcast Network (RBN) and now Reliance Mediaworks. Though it’s difficult to make money in ADAG stocks, however the way RBN’s delisting panned out (RBN was recommended to Alpha + members @ 52 in Oct’13 with successful exit @ 66), it’s like betting on fixed matches. Recently RBN successfully concluded its reverse book building and the promoters of the company (also the promoters of Reliance Mediaworks) have offered Rs 70/- per…