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

Date of Reporting : April 13, 2011
Name of the Company : Television Eighteen India Ltd
Total no of outstanding shares of the Company : 181,768,018

Name of the Entity : Network18 Media & Investments Ltd

Details of Transaction
Date of Transaction : March 29, 2011
Number of Shares Pledged / Revoked : 31,00,000 (Pledge)

Aggregate details after the transaction
Total no of shares held by the entity in the Company : 84,028,954
Total No of shares pledged : 42,723,530
% of total shares pledged to total no of shares held by the entity in the Company : 50.84%
% of shares pledged to total no of outstanding shares of the Company : 23.50%

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

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

Aggregate details after the transaction
Total no of shares held by the entity in the Company : 15,415,019
Total No of shares pledged : 12,500,000
% of total shares pledged to total no of shares held by the entity in the Company : 81.09%
% of shares pledged to total no of outstanding shares of the Company : 6.88%Read More