RELIANCE MEDIAWORKS LTD. - Updates on Delisting Offer
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| 27 Mar 2014 | |
| Reliance Land Private Limited and Reliance Capital Limited ("Acquirers") has informed BSE that with respect to the Delisting Officer, the public shareholders of Reliance MediaWorks Limited ("Target Company") were invited to submit Bids pursuant to a reverse book-building process (RBP) made available through the electronic system of BSE Limited during the Bid Period (March 20, 2014 to March 26, 2014), in accordance with the SEBI (Delisting of Equity Shares) Regulations, 2009 (the Delisting Regulations).<br/><br/>The final price determined through RBP for accepting the Equity Shares successfully tendered in the Delisting Offer is Rs. 61 (Rupees Sixty One only) per Equity Share of Rs. 5 each, (the "Exit Price"), which is at a premium of 25.39% over the Floor Price of Rs. 48.65.<br/><br/>The Acquirers shall acquire all Equity Shares validly tendered at or below the Exit Price and all the Public Shareholders of Reliance MediaWorks Limited who have validly tendered the Equity Shares at or below the Exit Price will be paid consideration at the Exit Price of Rs. 61 (Rupees Sixty One only) per Equity Share of Rs. 5 each. | |
| View all announcements for RELIANCE MEDIAWORKS LTD. | Source: BSE India |
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