Buy TTML

Overseas markets indicate a huge downturn for the market. We can buy TTML in dips. It is based on the following news. I hope it will move past Rs.28 in 6 months.
Tata Teleservices (TTSL), a Tata group company in telecom business and Japan based NTT Docomo (Docomo), announced their agreement on a strategic alliance in India. As per the agreement Docomo will acquire 26% of TTSL`s stock for approximately Rs 130.70 billion.

The Docomo as per regulations of the Securities and Exchange Board of India (SEBI), will make an open offer to acquire up to 20% of outstanding equity shares of Tata Teleservices Maharashtra (TTML), and this will be via joint Tender offer with TataHolding company Tata Sons.
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