Rediff CEO: Absolutely No Offers Received From Anybody In The Last Year; Mobile Business Blues

Entities Mentioned

• Rediff
• Mauj Telecom
• Ajit Balakrishnan

1. That is pretty sad if true. We reported on Rediff (NSDQ: REDF) Q3 earnings last week, and in the accompanying conference call, CEO Ajit Balakrishnan denied any takeover interest from anyone. From the transcript: “There has been absolutely no offers received from anybody, nor has there been an attempt to reach out to us to discuss a possible offer. As you probably know, we are very familiar with all the players in the market at every level....So, if there was any such rumor or intention, I’m pret (Read Full Article)

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