Emergic: Rajesh Jain's Blog

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IndiaWorld Sale: Valuation Question

December 3rd, 2009 · No Comments

Even today, I get questions on the valuation. I have a 2-part answer. First, there was another suitor for IndiaWorld, so it was a competitive bidding situation. Second, look at what happened to Sify stock the day the deal took place. It rose about $700 million on the day after the announcement of the acquisition. [...]

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