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| 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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