IBN18 Broadcast Ltd: Disclosures under Reg. 8A of SEBI (SAST) Regulations, 1997

IBN18 Broadcast Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE

Date of Reporting : April 13, 2011
Name of the Company : IBN18 Broadcast Ltd
Total no of outstanding shares of the Company : 237,867,300

Name of the Entity : Network18 Media & Investments Ltd

Details of Transaction
Date of Transaction : March 29, 2011
Number of Shares pledged / Revoked : 21,00,000 (Pledged)

Aggregate details after the transaction
Total no of shares held by the entity in the Company : 64,892,544
Total No of shares pledged : 17,900,000
% of total shares pledged to total no of shares held by the entity in the Company : 27.58%
% of shares pledged to total no of outstanding shares of the Company : 7.53%

Name of the Entity : Network18 Group Senior Professional Welfare Trust

Details of Transaction
Date of Transaction : March 29, 2011
Number of Shares pledged / Revoked : 3,00,000 (Pledged)

Aggregate details after the transaction
Total no of shares held by the entity in the Company : 13,453,354
Total No of shares pledged : 12,953,354
% of total shares pledged to total no of shares held by the entity in the Company : 96.28%
% of shares pledged to total no of outstanding shares of the Company : 5.45%


* Included 70335 partly paid up shares on which calls are in areares and 5035 shares on which Full and Final Call Money has been received but the credit has been rejected due to invalid clint status.Read More