TV Today Network Limited has informed that with reference to Public Announcement (PA) dated February 28, 2009 read with corrigendum dated March 13, 2009 in connection with the Buy-back of Equity Shares of Rs 5/ each of the Company.
In terms of the said PA and powers given to the Committee of Directors by the Board of Directors, the Committee vide its resolution dated July 19, 2009 has decided that the Company having purchased the requisite minimum number of Equity Shares, to close the buy-back with effect July 25, 2009 subject to completion of all statutory and other regulatory requirements.
Accordingly acceptance of all Equity Shares bought back and completion of all payment obligations in the respect thereof shall take place on or prior to July 25, 2009.
In view of the above, no order for the buy-back shall be placed after July 22, 2009. As on date of this intimation, the Company has bought back 2,44,884 Equity Shares for an aggregate amount of Rs 197.26 lacs.
In terms of the said PA and powers given to the Committee of Directors by the Board of Directors, the Committee vide its resolution dated July 19, 2009 has decided that the Company having purchased the requisite minimum number of Equity Shares, to close the buy-back with effect July 25, 2009 subject to completion of all statutory and other regulatory requirements.
Accordingly acceptance of all Equity Shares bought back and completion of all payment obligations in the respect thereof shall take place on or prior to July 25, 2009.
In view of the above, no order for the buy-back shall be placed after July 22, 2009. As on date of this intimation, the Company has bought back 2,44,884 Equity Shares for an aggregate amount of Rs 197.26 lacs.
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