Corporate Announcement
Security Code : 509069    Company : INFOMEDIA    
 
Infomedia India - Post Offer Status 
  Exchange Disseminated Time     
JM Financial Consultants Pvt Ltd ("Manager to the Offer") on behalf of Television Eighteen India Ltd ("Acquirer") along with I-Ven Interactive Ltd ("Person Acting in Concert or PAC") has issued this Post Offer Public Announcement to the shareholders of Infomedia India Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated December 12, 2007, under the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 ("Regulations"), to acquire up to 20% of he Voting Capital of the Target Company at price of Rs 237 per equity share, payable in cash.

Sr. No.

Item

Proposed in Offer Document Actual
(No) (%)# (No) (%)#
1. Offer Price Rs 237 Rs 237
2 Shareholding of Acquirer before MOU/ Public Announcement 0 0% 0 0%
3 Shares acquired by way of MOU* Nil Nil Nil Nil
4 Shares acquired in the Open Offer 51,87,621 26.25% 720,931 3.65%
5 Size of the Open Offer ( No of shares multiplied by offer price per share) Rs 1,229,466,177   Rs 170,860,647  
6 Shares acquired after P.A but before 7 working days prior to closure date, if any ( No & %) -   -  
7 (a) Post Offer shareholding of Acquirer 51,87,621 26.25% 720,931 3.65%
8 Pre Offer shareholding of Public# 73,64,654 37.27% 73,64,654 37.27%
9 Post Offer shareholding of Public# 21,77,033 11.02% 66,43,723 33.62%
# As a percentage of the Voting Capital excluding Warrants & ESOPs.
* The Agreement was signed, inter-alia, for 63.76% stake of I-ven Interactive Ltd, the holding company of the Target; hence the Agreement did not result in any direct shareholding of the Acquirer in the Target Company. The I-Ven Interactive Ltd held 62.73% in the Target Company.


- Payment of Interest, if any, to the shareholders along with the details thereof: Yes (to non resident Shareholders). Interest at the rate of 10% p.a. was paid to non-resident shareholders who validly tendered their Shares in the Open Offer, for the period of delay between Mar 13, 2008 and Jun 06, 2008. The delay in payment to non-residential shareholders was on account of delay in receipt of RBI Approval required for making payment to non-resident Shareholders.
 

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