Stock Report

Reliance Capital Updates on Open Offer to the shareholders of TV Today Network



Posted On : 2007-06-22 10:40:33( TIMEZONE : IST )

Reliance Capital Updates on Open Offer to the shareholders of TV Today Network

JM Financial Consultants Pvt Ltd (formerly known as "JM Morgan Stanley Pvt Ltd") (Manager to the Offer), on behalf of Reliance Capital Ltd ("Acquirer") has issued this corrigendum to the Public Accouchement to the equity shareholders/beneficial owners of TV Today Network Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement (PA) dated April 18, 2007, pursuant to and in compliance with the Regulation 10 and other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisitions of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto (the "SEBI (SAST) Regulations").

The Securities and Exchange Board of India ("SEBI") issued its observations/comments on the draft letter of offer on June 15, 2007. The dates with respect to various activities as per the disclosures made in the PA have undergone a change. The Revised Schedule of Activities is as follows:

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Activity			Original Schedule	Revised Schedule
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Specified Date			April 27, 2007		April 27, 2007
Date of Opening of the Offer	June 06, 2007		June 27, 2007
Date of Closing of the Offer	June 25, 2007		July 16, 2007
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Source : Equity Bulls

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