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Reliance Mediaworks Ltd.
Change Company : 
Chairman :  Industry : Film Production, Distribution & Entertainment
Last Price Today's Change Open Prev Close Day's Range 52 Week Range
59.80 0.00 59.90 59.80 (60.00)   (59.75) (66.00)   (36.90)
BSE Code 532399
ISIN Demat INE540B01015
Book Value (Rs.) -13.23
Dividend Yield (%) 0.00
Market Cap (Rs Mn) 11553.89
P/E 0.00
EPS (Rs.) -28.52
Face Value (Rs.) 5
Volume 153280.00
Company NameSource DateSubjectDetails
Reliance Mediaworks17 Jan 2014  Delisting from Stock Exchanges Inter alia, to consider delisting of equity shares of the Company from the Stock Exchanges.
Reliance Mediaworks20 Jan 2014  has considered the proposal made by Reliance Land Private Limited and Reliance Capital Limited (“Promoter Group Entities”) to make a voluntary delisting offer (the “Proposed Delisting Offer”) to all the public shareholders of the Company in accordance with the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, as amended (the “SEBI Delisting Regulations”). The Board of Directors has granted its approval to the Proposed Delisting Offer and intends to seek the approval of shareholders of the Company through postal ballot in terms of the SEBI Delisting Regulations.
Reliance Mediaworks28 Jan 2014 Notice of Postal BallotReliance MediaWorks Ltd has informed BSE that the members of the Company will consider to approve the Special Resolution by way of Postal Ballot.
Reliance Mediaworks28 Feb 2014 Result of Postal BallotReliance MediaWorks Ltd has informed BSE that the members of the Company have passed the resolution by way of Postal Ballot.
Reliance Mediaworks07 Mar 2014 Delisting OfferThis public announcement (the Public Announcement) is being issued by Reliance Land Private Limited (R-Land) and Reliance Capital Limited (R-Cap) (collectively referred to as the Acquirers) to the public shareholders of Reliance MediaWorks Limited ("Target Company") in accordance with Regulation 10 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (Delisting Regulations") in respect of the proposed acquisition and delisting of fully paid-up equity shares of the Company (Offer / Delisting Offer). Delisting Offer: The issued, subscribed and paid-up equity share capital of the Company is Rs. 966,044,155/- (the Equity Capital) comprising of 193,208,831 fully paid-up equity shares having face value of Rs. 5/- each (the Equity Shares). The Equity Shares are listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) (collectively referred to as Stock Exchanges). The Acquirers are part of the promoter group of the Company and collectively hold 141,629,366 Equity Shares, representing 73.30% of the Equity Capital. The Acquirers are making this Public Announcement to the public shareholders of the Company (defined to mean all the shareholders of the Company other than the entities forming part of the promoter group of the Company and hereinafter referred to as the Public Shareholders) to acquire, in accordance with the Delisting Regulations and on the terms and conditions set out below, up to 51,579,465 Equity Shares, representing 26.70% of the Equity Capital (the Offer Shares). Consequent to the Delisting Offer and upon the combined shareholding of the promoter group of the Company, including that of the Acquirers, reaching a minimum of 90% of the Equity Capital and fulfilment of other conditions stipulated under the Delisting Regulations, the Company will seek to voluntarily delist the Equity Shares from BSE and NSE in accordance with the Delisting Regulations. On January 17, 2014, the Acquirers intimated their intention to make the Delisting Offer to the Company and requested the board of directors of the Company (the Board of Directors) to convene a meeting to consider the proposal of delisting and to place the proposal of delisting before the shareholders of the Company for their consideration and approval by a special resolution through postal ballot in accordance with Regulation 8(1)(b) of the Delisting Regulations, and to seek in-principle approval of BSE and NSE for delisting the Equity Shares in accordance with Regulation 8(1)(c) of the Delisting Regulations. The Board of Directors vide its resolution dated January 20, 2014, approved the proposal received from the Acquirers to initiate the Delisting Offer in accordance with the provisions of the Delisting Regulations, subject to applicable laws and approval of the shareholders of the Company. A special resolution has been passed by the shareholders of the Company through postal ballot, the result of which was declared on February 28, 2014 and notified to the Stock Exchanges on the same date, approving the proposed delisting of the Equity Shares from BSE and NSE in accordance with the Delisting Regulations. The Equity Shares are presently listed and traded on BSE and NSE and are sought to be delisted from both the stock exchanges. In accordance with the applicable provisions of Regulation 15 (2) of the Delisting Regulations, the floor price for the Offer per Equity Share determined by the Acquirers is Rs. 48.65/- (Rupees Forty Eight and Paise Sixty Five only) (the Floor Price). Proposed Time Table for the Delisting Offer: The proposed timetable for the Delisting Offer is as follows: Resolution for delisting of Equity Shares passed by the Shareholders of the Company - February 28, 2014 Publication of Public Announcement by the Acquirers - March 07, 2014 Specified Date - March 07, 2014 Dispatch of Bid Letter/ Bid Forms to Public Shareholders as on the Specified Date - March 08, 2014 Bid Opening Date (10.00 a.m.) - March 20, 2014 Last date for upward revision or withdrawal of Bids (3.00 p.m.) - March 25, 2014 Bid Closing Date (3.00 p.m.) - March 26, 2014 Last date for making Public Announcement of Discovered Price/ Exit Price and Acquirer's acceptance/ rejection of Discovered Price/ Exit Price - April 09, 2014 Last date for payment of consideration for the Offer Shares to be acquired in case of a successful Delisting Offer* - April 11, 2014 Last date for return to Public shareholders of Offer Shares tendered but not acquired under the Delisting Offer - April 11, 2014 * Subject to the acceptance of the Discovered Price (if it is higher than the Floor Price) or offer of an Exit Price higher than the Discovered Price by the Acquirers. ICICI Securities Ltd ("Manager to the Delisting Offer")
Reliance Mediaworks27 Mar 2014 Updates on Delisting OfferReliance Land Private Limited and Reliance Capital Limited ("Acquirers") has informed BSE that with respect to the Delisting Officer, the public shareholders of Reliance MediaWorks Limited ("Target Company") were invited to submit Bids pursuant to a reverse book-building process (RBP) made available through the electronic system of BSE Limited during the Bid Period (March 20, 2014 to March 26, 2014), in accordance with the SEBI (Delisting of Equity Shares) Regulations, 2009 (the Delisting Regulations). The final price determined through RBP for accepting the Equity Shares successfully tendered in the Delisting Offer is Rs. 61 (Rupees Sixty One only) per Equity Share of Rs. 5 each, (the "Exit Price"), which is at a premium of 25.39% over the Floor Price of Rs. 48.65. The Acquirers shall acquire all Equity Shares validly tendered at or below the Exit Price and all the Public Shareholders of Reliance MediaWorks Limited who have validly tendered the Equity Shares at or below the Exit Price will be paid consideration at the Exit Price of Rs. 61 (Rupees Sixty One only) per Equity Share of Rs. 5 each.
Reliance Mediaworks28 Mar 2014 Post Delisting OfferReliance MediaWorks Ltd has informed BSE about the public announcement (Post Offer PA) which being issued by Reliance Land Private Limited and Reliance Capital Limited (collectively referred to as the Acquirers) to the public shareholders of Reliance MediaWorks Limited ("Target Company") , which is in continuation of & should be read in conjunction with the original Public Announcement ("Original PA") dated March 06, 2014 and the Bid Letter dated March 07, 2014 ("Bid Letter"). This Post offer PA is being issued in accordance with Regulation 18 of the Securities and Exchange Board of India (Delisting of Equity shares) Regulations, 2009, as amended till date ("Delisting Regulations"). The Acquirers issued the Original PA seeking to acquire, in accordance with the Delisting Regulations, and on the terms and conditions set out therein and in the Bid Letter, up to 51,579,465 Equity shares representing 26.70% of the paid-up equity shares capital of the company from the Public Shareholders. The Public Shareholders holding Equity shares of the company were invited to submit Bids pursuant to a Reverse Book Building ("RBB") process made available through the electronic system of BSE during the Bid Period (March 20, 2014 to March 26, 2014) in accordance with the Delisting Regulations.
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