Television Eighteen India Ltd has informed that the Allotment Committee of the Board of Directors of the Company at its meeting held on December 29, 2007, has allotted 14,00,000 Equity Shares of Rs 5 each to Network 18 India Holdings Pvt Ltd, a promoter group entity, pursuant to the conversion of Convertible Warrants at a price of Rs 398 per share for an aggregate amount of Rs 55,72,00,000/- (Fifty Five Crores Seventy Two Lacs), after giving the effect of Bonus Issue in the ratio of 1:1 i.e. Rs 796/2 = Rs 398 per share).
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