Television Eighteen India Ltd: Disclosures under Reg. 8A of SEBI (SAST) Regulations, 1997

Television Eighteen India Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE

The Company has informed BSE that as per the disclosures received as on date 66,830,335 equity shares constituting 36.89% of the total fully paid-up equity share capital of the company have been pledged by Promoters / Promoters group. Further, the Company has informed that pursuant to conversion of partly paid shares to fully paid up, the number of fully paid up equity share capital of the Company have been increased from 18,11,47,934 to 18,11,63,784.

Date of Reporting : March 10, 2011
Name of the Company : Television Eighteen India Ltd
Total no of outstanding shares of the Company : 181,163,784

Name of the Entity : Network18 Media & Investments Ltd

Details of Transaction
Date of Transaction : February 23, 2011
Number of Shares Pledged / Revoked : 6,00,000 (Revoke)

Aggregate details after the transaction
Total no of shares held by the entity in the Company : 84,028,954
Total No of shares pledged : 49,752,635
% of total shares pledged to total no of shares held by the entity in the Company : 59.21%
% of shares pledged to total no of outstanding shares of the Company : 27.46%

Name of the Entity : Network18 Group Senior Prof. Welfare Trust

Details of Transaction
Date of Transaction : February 22, 2011
Number of Shares Pledged / Revoked : 8,00,000 (Revoke)

Aggregate details after the transaction
Total no of shares held by the entity in the Company : 15,415,019
Total No of shares pledged : 12,200,000
% of total shares pledged to total no of shares held by the entity in the Company : 79.14%
% of shares pledged to total no of outstanding shares of the Company : 6.73%Read More