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| Exchange Disseminated Time | TV18 Broadcast Ltd has informed BSE that Capital Issues Committee of the Board of Directors of the Company, at its meeting held on August 31, 2012 approved Rs. 20/- as the issue price for its equity shares to be issued on a "Rights Basis".
The details of the Rights issue are summarized as under:
(i) Size of the Issue : Rs. 2,699.16 Crores
(ii) Ratio : 41:11 (41 Equity shares are offered for every 11 equity shares held as on the record date)
(iii) Price : Equity shares in Rights Issue are offered at Rs. 20/- per Equity share.
(iv) Break-up of price : Rs. 2/- towards face value, Rs. 18/- towards Premium
(v) No. of Equity shares to be issued under Rights Issue : 134,95,77,882 Equity Shares
(vi) Total Number of paid-up Equity Shares outstanding prior to the Issue : 36,20,81,871 Equity Shares
(viii) Treatment Fractional Entitlements : The Equity Shares are being offered on a rights basis to the existing equity Shareholders in the ratio of 41 Equity Shares for every 11 Equity Shares held as on the Record Date. For Equity Shares being offered on a rights basis under this Issue, the fractional entitlement of such Equity Shareholders shall be ignored for computation of the Rights Entitlements. However, Equity Shareholders whose fractional entitlements are being ignored will be given preference in the allotment of one additional Equity Share each, if such Equity Shareholders have applied for additional Equity Shares over and above their Rights Entitlement.
For example, if an Equity Shareholder holds 10 Equity Shares, he will be entitled to 37 Equity Shares on a rights basis. He will also be given a preferential consideration for the Allotment of one additional Equity Share if he has applied for the same. |
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