Friday, November 28, 2008

>TATA TELE (HSBC)

�� We believe investors should take the open offer as an
opportunity to exit
�� Stretched balance sheet and expensive transition to GSM
model pose challenges; cut FY10e EPS by 8%
�� Retain negative outlook; trim target price from INR19 to INR12

To read full report TATA TELE (HSBC)

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