Vishvapradhan Commercial Private Limited, along with AMG Media Networks Limited and Adani Enterprises Limited, is making a mandatory open offer under Indian takeover regulations to acquire up to 26% of shares in New Delhi Television Limited. This offer is triggered by Vishvapradhan acquiring a controlling stake of at least 99.5% in RRPR Holding Private Limited, which itself holds 29.18% of shares in New Delhi Television. The open offer price is INR 294 per share, for a total consideration of up to INR 4,928,183,820 assuming full acceptance. This open offer is not conditional on any minimum level of acceptance by shareholders.
The document summarizes the evolution of SEBI's Takeover Code regulations in India from 1994 to 2011. It provides key definitions related to acquisitions and control under the regulations. The purpose of the Takeover Code is to ensure fair exit opportunities for shareholders and fair disclosure regarding changes in shareholding and control of companies. The regulations govern direct and indirect acquisitions of shares and control in listed companies. They specify requirements for public announcements, open offers, offer size, price and exemptions. Key aspects include minimum offer sizes, methods for determining offer price, disclosure obligations, and exemptions for inter-se promoter transfers and other specified cases.
Onmobile has an open offer from a promoter who will buy 10% for Rs. 47 cr. ($8 million) in February 2014. This is NOT a buyback but one promoter entity buying.
The document discusses various Indian laws and regulations related to mergers and acquisitions, including the Companies Act, Competition Act, Foreign Exchange Management Act, SEBI Takeover Code, and Income Tax Act. It outlines provisions around arrangements, amalgamations, mergers, foreign investment, tax treatment of mergers, and SEBI regulations governing disclosure of shareholdings and acquisition of shares/voting rights above certain thresholds. The document notes that SEBI has modified its takeover regulations over time to protect shareholder and economic interests.
Listed Companies( Substantial Acquisition of voting shares and takeovers) regulations, 2017.Notes with referred sections of Securities Act, 2015 and other definitions.
The document summarizes recent updates from the Takeover Panorama publication regarding exemption requests made under Regulation 4(2) of SEBI's SAST Regulations. It discusses three cases - Jagran Prakashan Ltd seeking a 1-3% increase in shareholding, Abbott India Ltd where shareholding would increase due to a buyback, and Ashnoor Textiles Mills Ltd seeking a preferential allotment increasing shareholding. In each case details of the request and the Takeover Panel's consideration of whether exemption from takeover regulations should be granted are provided.
This document outlines guidelines for public issues of units by Real Estate Investment Trusts (REITs) in India. Some key points include:
- Appointment of merchant bankers and other intermediaries is required to carry out public issue obligations. Responsibilities must be predetermined if multiple merchant bankers are involved.
- Draft, offer and final offer documents must be filed with SEBI and stock exchanges. Merchant bankers must address all comments and ensure changes are incorporated.
- Allocation in public issues cannot exceed 75% to institutional investors and must be at least 25% to other investors. Up to 60% of the institutional portion can be allocated to anchor investors.
- Application forms and abridged offer documents must
The document summarizes the evolution of SEBI's Takeover Code regulations in India from 1994 to 2011. It provides key definitions related to acquisitions and control under the regulations. The purpose of the Takeover Code is to ensure fair exit opportunities for shareholders and fair disclosure regarding changes in shareholding and control of companies. The regulations govern direct and indirect acquisitions of shares and control in listed companies. They specify requirements for public announcements, open offers, offer size, price and exemptions. Key aspects include minimum offer sizes, methods for determining offer price, disclosure obligations, and exemptions for inter-se promoter transfers and other specified cases.
Onmobile has an open offer from a promoter who will buy 10% for Rs. 47 cr. ($8 million) in February 2014. This is NOT a buyback but one promoter entity buying.
The document discusses various Indian laws and regulations related to mergers and acquisitions, including the Companies Act, Competition Act, Foreign Exchange Management Act, SEBI Takeover Code, and Income Tax Act. It outlines provisions around arrangements, amalgamations, mergers, foreign investment, tax treatment of mergers, and SEBI regulations governing disclosure of shareholdings and acquisition of shares/voting rights above certain thresholds. The document notes that SEBI has modified its takeover regulations over time to protect shareholder and economic interests.
Listed Companies( Substantial Acquisition of voting shares and takeovers) regulations, 2017.Notes with referred sections of Securities Act, 2015 and other definitions.
The document summarizes recent updates from the Takeover Panorama publication regarding exemption requests made under Regulation 4(2) of SEBI's SAST Regulations. It discusses three cases - Jagran Prakashan Ltd seeking a 1-3% increase in shareholding, Abbott India Ltd where shareholding would increase due to a buyback, and Ashnoor Textiles Mills Ltd seeking a preferential allotment increasing shareholding. In each case details of the request and the Takeover Panel's consideration of whether exemption from takeover regulations should be granted are provided.
This document outlines guidelines for public issues of units by Real Estate Investment Trusts (REITs) in India. Some key points include:
- Appointment of merchant bankers and other intermediaries is required to carry out public issue obligations. Responsibilities must be predetermined if multiple merchant bankers are involved.
- Draft, offer and final offer documents must be filed with SEBI and stock exchanges. Merchant bankers must address all comments and ensure changes are incorporated.
- Allocation in public issues cannot exceed 75% to institutional investors and must be at least 25% to other investors. Up to 60% of the institutional portion can be allocated to anchor investors.
- Application forms and abridged offer documents must
Issue, forfeiture and re issue of shares by N. Bala Murali Krishnabala13128
The document discusses various aspects of accounting for share capital. It defines types of share capital such as authorized, issued, subscribed, called up and paid up share capital. It explains journal entries for receipt and payment of application money, allotment money, call money. It discusses accounting treatment of shares issued at premium and discount. It also covers concepts of oversubscription of shares, calls in arrears, calls in advance, forfeiture and reissue of shares. The document provides detailed explanation of these concepts along with related journal entries.
The document discusses various exemptions provided under the SEBI Takeover Code regulations. It explains key terms related to takeovers and the provisions of Regulations 10, 11, and 12 from which exemptions can be provided under Regulation 3. It then explores the various categories of exemptions provided under Regulations 3(1) including inter-se transfers, acquisitions in ordinary course of business, and transfers pursuant to schemes of arrangement. It also discusses conditions for availing exemptions and matters of debate addressed by SEBI in relation to certain cases.
Statutory Regulations under Company’s Act anddimpisanghavi
The document summarizes regulations around mergers and acquisitions under the Companies Act and SEBI listing agreement in India. It discusses procedures that must be followed for shareholder approval, court sanctions, minimum public shareholding levels, and takeover offer requirements. Key aspects include long approval processes, rules for reducing capital, treatment of foreign acquisitions, and disclosure obligations for listed companies undergoing a change in ownership.
The document summarizes a paper reviewing the evolution of India's takeover code and key recommendations of the TRAC committee report. It discusses how the code began with Clause 40 of the listing agreement and was later formalized through SEBI regulations. The TRAC report suggested increasing the initial open offer trigger from 15% to 25% shares, requiring open offers for all shares, and strengthening disclosure requirements. It also analyzed judicial precedents and concluded the code aims to ensure fairness while balancing stakeholder interests but full harmonization of regulations is still needed.
1) SEBI granted an exemption from making an open offer to the acquirers of TTK Healthcare Limited whose shareholding would increase beyond the threshold limit of 75% due to the target company's share buyback.
2) Normally, an acquisition of shares beyond 75% would trigger an open offer requirement under regulation 11(2) of SEBI Takeover Regulations. However, SEBI exempted this requirement as the increase in holding was due to the company's buyback and not due to any direct acquisition by the acquirers.
3) SEBI's decision provides clarity that a passive increase in shareholding due to a company's buyback would not trigger open offer requirements under the Takeover Regulations
The SEBI has notified new listing regulations that consolidate existing listing rules and align them with the Companies Act of 2013. The regulations replace all previous listing agreements and will be effective 90 days after publication. Two provisions regarding related party transactions and reclassification of promoters will apply immediately. The regulations divide content into substantive provisions and procedural schedules. Listed companies must sign a new shortened listing agreement within six months and the regulations apply to all listed securities on stock exchanges.
Consultation paper for guidelines for public issue of units of Real Estate In...GAURAV KR SHARMA
The document provides draft guidelines for public issues of units of Real Estate Investment Trusts (REITs) in India. Some key points:
- It seeks public comments on the draft guidelines by January 15, 2016.
- The guidelines specify the process for appointment of merchant bankers, filing of offer documents with SEBI, allocation of units (including up to 60% for anchor investors), application process, security deposit requirements, and opening/subscription periods for public issues of REIT units.
- REITs and their managers must comply with these guidelines for public issues to ensure transparency and investor protection.
The document outlines regulations regarding takeover codes and disclosures for shareholding and control of listed companies in India. Some key points:
1) Any person holding over 5% shares/voting rights in a listed company must disclose it to the company within 2 months. The company then has 3 months to disclose aggregate shareholdings to stock exchanges.
2) Promoters and persons with control over a company must disclose shareholding/voting rights percentages to the company within 2 months.
3) Acquirers who acquire over 5%, 10%, 14%, 54% or 74% shares/voting rights must disclose shareholding percentages to the company and stock exchanges within 2 days.
4) Contin
The document outlines SEBI's revised takeover code for substantial acquisitions and takeovers of shares in Indian companies. Some key points include:
1. Any person acquiring over 5% of shares or voting rights of a listed company must disclose this to stock exchanges within 4 days.
2. Those holding over 10% of shares must disclose their holdings annually.
3. Acquirers of over 10-25% of shares must make a public announcement before acquiring more than 2% additional voting rights.
4. The minimum offer price in a takeover bid must be the highest of the negotiated price or average weekly stock price of the target company.
JOINT VENTURE AGREEMENT
This Joint Venture Agreement ("Agreement") is dated January 21, 2016, between American Wireless United Corporation, a corporation organized under the laws of California, United States ("USCO"), and Argentina Utility Company, a corporation organized under the laws of Argentina ("ARGCO"). USCO and ARGCO are sometimes hereinafter referred to individually as a "Party" and jointly as the "Parties".
WHEREAS, the Parties intend to submit an application (the "Application") to obtain a license (the "License") from the Superintendency of Telecommunications of Argentina (the "Regulator") to manufacture telecommunication products in Argentina and to construct and operate a wireless telecommunications system in Argentina (the "Project"), which Application shall be submitted no later than April 30, 2016;
WHEREAS, the Parties shall cooperate with each other in preparing and submitting the Application; and
WHEREAS, if the License is awarded to the Parties, the Parties intend to form a corporation (the "JV Corporation") under the laws of Argentina to manufacture telecommunications products in Argentina and to operate a wireless telecommunications system in Argentina pursuant to the License.
This Agreement sets forth the principal terms of the agreement between the Parties regarding the Project. The Parties agree that, in the event the License is awarded to them, each Party shall enter into a Shareholders' Agreement substantially in the form of Exhibit A attached hereto (the "Shareholders' Agreement"). Further, the Parties shall enter and cause the JV Corporation to enter, as appropriate, a License Agreement substantially in the form of Exhibit B attached hereto (the "License Agreement"), an International Distribution Agreement substantially in the form of Exhibit C attached hereto (the "Distribution Agreement"), and a Domestic Distribution Agreement substantially in the form of Exhibit D attached hereto (the "Domestic Distribution Agreement"), no later than five (5) days after the date of the License.
INVESTMENT
A. Initial Ownership;
Expenses of Formation:
Shares of stock of the JV Corporation ("Shares") shall, initially, be issued in accordance with this Section I(A). Initially, USCO (or a subsidiary of USCO if permitted under the terms of the License) shall own fifty-one percent (51%) of the Shares, and ARGCO shall own forty-nine percent (49%) of the Shares. Each Party will be responsible for its proportionate share (based upon such Party's respective percentage ownership interest in the JV Corporation as set forth in the preceding sentence) of the costs, fees and expenses incurred by it in connection with formation of the JV Corporation.
B. Required Capital
Contributions:
If the License is awarded and the JV Corporation is established, the Parties shall be required to make initial capital contributions to the JV Corporation (“Required Capital Contributions”), in consideration for issuance of Shares to them pursuant to Sec ...
Notice of extraordinary general meetingJoginder Pal
The document is a notice for an Extraordinary General Meeting of XYZ Pvt Ltd to be held on December 26, 2018. There are two items on the agenda: 1) To issue Cumulative Convertible Preference Shares through private placement and 2) To reclassify the authorized share capital of the company. The meeting notice provides details on the terms of the preference shares issuance such as issue price, dividend rate, conversion/redemption terms, and voting rights. It also outlines the proposed changes to the authorized share capital.
The document discusses key changes introduced by the Companies Act 2013 relating to listed companies and corporate governance norms for listed companies proposed by SEBI. Some key points include:
1) The Act introduces stricter compliance requirements for listed companies regarding disclosures, reporting and transparency. It aligns listing agreement with the Act and lays out roadmaps for listed entities.
2) SEBI approved amendments to the listing agreement to strengthen corporate governance norms for listed companies in line with the Act. The amendments will be applicable from October 1, 2014.
3) The Act introduces new audit requirements for listed companies regarding secretarial audit and internal audit. It also changes terms of appointment for statutory auditors.
4) The
The document provides details of 4 latest open offers made by acquirers under SEBI Takeover Regulations:
1) Vijay Mario Sebastian Misquitta and Ajay Dilkush Sarupria launched an open offer for TRC Financial Services Ltd to acquire up to 20% shares at Rs. 11 per share.
2) Savjibhai D.Patel & Usha S. Patel made an open offer for SJ Corporation Ltd to acquire up to 20% shares at Rs. 447 per share.
3) T Rajkumar offered to acquire up to 20% shares of New Horizon Leasing & Finance Ltd at Rs. 10 per share.
4) Murk
The document is The Shaw Group Inc. 2001 Employee Incentive Compensation Plan. The purpose of the plan is to attract and retain employees, motivate employees to achieve long-term goals, provide competitive compensation, and align employee and shareholder interests. The plan allows for various types of awards including stock options, restricted stock, and performance shares. It defines key terms, outlines plan administration, and establishes limits on the number of shares that may be awarded.
The document is The Shaw Group Inc. 2001 Employee Incentive Compensation Plan. The purpose of the plan is to attract and retain employees, motivate employees to achieve long-term goals, provide competitive compensation, and align employee and shareholder interests. The plan allows for various types of awards including stock options, restricted stock, and performance shares. It defines key terms, outlines plan administration, and establishes limits on the number of shares that may be awarded.
IDFC Nifty Fund_Scheme information documentTravisBickle19
The document provides information on the IDFC Nifty Fund scheme. Some key points:
- The scheme aims to replicate the Nifty 50 index by investing in the same securities in the same proportion.
- It has a Regular and Direct plan with growth and dividend options. Minimum investment amounts are Rs. 5,000 initially and Rs. 1,000 for additional purchases.
- The scheme benchmarks its performance against the Nifty 50 TRI and aims to minimize tracking error within 2-3% range.
- It is an open-ended scheme that may invest in index futures for efficient portfolio management.
- Risk factors include market risks from investing in equity markets, risks of tracking error from the index, and
IDFC Nifty Fund_Scheme information documentIDFCJUBI
The document provides information on the IDFC Nifty Fund scheme. Some key details include:
1) The scheme aims to replicate the Nifty 50 index by investing in the same securities in the same proportion as the index. There is no assurance the scheme will achieve its objective.
2) The scheme offers a Regular and Direct plan with growth and dividend options. Minimum investment amounts are Rs. 5,000 initially and Rs. 1,000 for additional purchases.
3) The scheme benchmarks its performance against the Nifty 50 TRI and aims to provide investors with returns corresponding to the index, subject to tracking error.
Format of AOA (Article of Association) as per New Companies Act 2013mystartupvakil.com
Dear All
As you all know 98 sections of the Companies Act 2013 has been implemented w.e.f. 12th Sep 2013, therefore all ROC are asking changes in AOA. I am sharing a draft form of AOA. Kindly note that there is no change in MOA you can still use the old MOA.
The document discusses buyback of shares by a company. It defines buyback as a company repurchasing its own shares. The objectives of buyback include increasing promoter holdings, improving earnings per share, and paying surplus cash. Companies can buyback shares through tender offers to shareholders, purchasing on the open market, or through book building. Strict conditions apply, including board and shareholder approvals, maintaining debt-equity ratios, and extinguishing repurchased shares within 7 days. Regulations cover pricing, timelines, disclosure requirements, and prohibitions.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Issue, forfeiture and re issue of shares by N. Bala Murali Krishnabala13128
The document discusses various aspects of accounting for share capital. It defines types of share capital such as authorized, issued, subscribed, called up and paid up share capital. It explains journal entries for receipt and payment of application money, allotment money, call money. It discusses accounting treatment of shares issued at premium and discount. It also covers concepts of oversubscription of shares, calls in arrears, calls in advance, forfeiture and reissue of shares. The document provides detailed explanation of these concepts along with related journal entries.
The document discusses various exemptions provided under the SEBI Takeover Code regulations. It explains key terms related to takeovers and the provisions of Regulations 10, 11, and 12 from which exemptions can be provided under Regulation 3. It then explores the various categories of exemptions provided under Regulations 3(1) including inter-se transfers, acquisitions in ordinary course of business, and transfers pursuant to schemes of arrangement. It also discusses conditions for availing exemptions and matters of debate addressed by SEBI in relation to certain cases.
Statutory Regulations under Company’s Act anddimpisanghavi
The document summarizes regulations around mergers and acquisitions under the Companies Act and SEBI listing agreement in India. It discusses procedures that must be followed for shareholder approval, court sanctions, minimum public shareholding levels, and takeover offer requirements. Key aspects include long approval processes, rules for reducing capital, treatment of foreign acquisitions, and disclosure obligations for listed companies undergoing a change in ownership.
The document summarizes a paper reviewing the evolution of India's takeover code and key recommendations of the TRAC committee report. It discusses how the code began with Clause 40 of the listing agreement and was later formalized through SEBI regulations. The TRAC report suggested increasing the initial open offer trigger from 15% to 25% shares, requiring open offers for all shares, and strengthening disclosure requirements. It also analyzed judicial precedents and concluded the code aims to ensure fairness while balancing stakeholder interests but full harmonization of regulations is still needed.
1) SEBI granted an exemption from making an open offer to the acquirers of TTK Healthcare Limited whose shareholding would increase beyond the threshold limit of 75% due to the target company's share buyback.
2) Normally, an acquisition of shares beyond 75% would trigger an open offer requirement under regulation 11(2) of SEBI Takeover Regulations. However, SEBI exempted this requirement as the increase in holding was due to the company's buyback and not due to any direct acquisition by the acquirers.
3) SEBI's decision provides clarity that a passive increase in shareholding due to a company's buyback would not trigger open offer requirements under the Takeover Regulations
The SEBI has notified new listing regulations that consolidate existing listing rules and align them with the Companies Act of 2013. The regulations replace all previous listing agreements and will be effective 90 days after publication. Two provisions regarding related party transactions and reclassification of promoters will apply immediately. The regulations divide content into substantive provisions and procedural schedules. Listed companies must sign a new shortened listing agreement within six months and the regulations apply to all listed securities on stock exchanges.
Consultation paper for guidelines for public issue of units of Real Estate In...GAURAV KR SHARMA
The document provides draft guidelines for public issues of units of Real Estate Investment Trusts (REITs) in India. Some key points:
- It seeks public comments on the draft guidelines by January 15, 2016.
- The guidelines specify the process for appointment of merchant bankers, filing of offer documents with SEBI, allocation of units (including up to 60% for anchor investors), application process, security deposit requirements, and opening/subscription periods for public issues of REIT units.
- REITs and their managers must comply with these guidelines for public issues to ensure transparency and investor protection.
The document outlines regulations regarding takeover codes and disclosures for shareholding and control of listed companies in India. Some key points:
1) Any person holding over 5% shares/voting rights in a listed company must disclose it to the company within 2 months. The company then has 3 months to disclose aggregate shareholdings to stock exchanges.
2) Promoters and persons with control over a company must disclose shareholding/voting rights percentages to the company within 2 months.
3) Acquirers who acquire over 5%, 10%, 14%, 54% or 74% shares/voting rights must disclose shareholding percentages to the company and stock exchanges within 2 days.
4) Contin
The document outlines SEBI's revised takeover code for substantial acquisitions and takeovers of shares in Indian companies. Some key points include:
1. Any person acquiring over 5% of shares or voting rights of a listed company must disclose this to stock exchanges within 4 days.
2. Those holding over 10% of shares must disclose their holdings annually.
3. Acquirers of over 10-25% of shares must make a public announcement before acquiring more than 2% additional voting rights.
4. The minimum offer price in a takeover bid must be the highest of the negotiated price or average weekly stock price of the target company.
JOINT VENTURE AGREEMENT
This Joint Venture Agreement ("Agreement") is dated January 21, 2016, between American Wireless United Corporation, a corporation organized under the laws of California, United States ("USCO"), and Argentina Utility Company, a corporation organized under the laws of Argentina ("ARGCO"). USCO and ARGCO are sometimes hereinafter referred to individually as a "Party" and jointly as the "Parties".
WHEREAS, the Parties intend to submit an application (the "Application") to obtain a license (the "License") from the Superintendency of Telecommunications of Argentina (the "Regulator") to manufacture telecommunication products in Argentina and to construct and operate a wireless telecommunications system in Argentina (the "Project"), which Application shall be submitted no later than April 30, 2016;
WHEREAS, the Parties shall cooperate with each other in preparing and submitting the Application; and
WHEREAS, if the License is awarded to the Parties, the Parties intend to form a corporation (the "JV Corporation") under the laws of Argentina to manufacture telecommunications products in Argentina and to operate a wireless telecommunications system in Argentina pursuant to the License.
This Agreement sets forth the principal terms of the agreement between the Parties regarding the Project. The Parties agree that, in the event the License is awarded to them, each Party shall enter into a Shareholders' Agreement substantially in the form of Exhibit A attached hereto (the "Shareholders' Agreement"). Further, the Parties shall enter and cause the JV Corporation to enter, as appropriate, a License Agreement substantially in the form of Exhibit B attached hereto (the "License Agreement"), an International Distribution Agreement substantially in the form of Exhibit C attached hereto (the "Distribution Agreement"), and a Domestic Distribution Agreement substantially in the form of Exhibit D attached hereto (the "Domestic Distribution Agreement"), no later than five (5) days after the date of the License.
INVESTMENT
A. Initial Ownership;
Expenses of Formation:
Shares of stock of the JV Corporation ("Shares") shall, initially, be issued in accordance with this Section I(A). Initially, USCO (or a subsidiary of USCO if permitted under the terms of the License) shall own fifty-one percent (51%) of the Shares, and ARGCO shall own forty-nine percent (49%) of the Shares. Each Party will be responsible for its proportionate share (based upon such Party's respective percentage ownership interest in the JV Corporation as set forth in the preceding sentence) of the costs, fees and expenses incurred by it in connection with formation of the JV Corporation.
B. Required Capital
Contributions:
If the License is awarded and the JV Corporation is established, the Parties shall be required to make initial capital contributions to the JV Corporation (“Required Capital Contributions”), in consideration for issuance of Shares to them pursuant to Sec ...
Notice of extraordinary general meetingJoginder Pal
The document is a notice for an Extraordinary General Meeting of XYZ Pvt Ltd to be held on December 26, 2018. There are two items on the agenda: 1) To issue Cumulative Convertible Preference Shares through private placement and 2) To reclassify the authorized share capital of the company. The meeting notice provides details on the terms of the preference shares issuance such as issue price, dividend rate, conversion/redemption terms, and voting rights. It also outlines the proposed changes to the authorized share capital.
The document discusses key changes introduced by the Companies Act 2013 relating to listed companies and corporate governance norms for listed companies proposed by SEBI. Some key points include:
1) The Act introduces stricter compliance requirements for listed companies regarding disclosures, reporting and transparency. It aligns listing agreement with the Act and lays out roadmaps for listed entities.
2) SEBI approved amendments to the listing agreement to strengthen corporate governance norms for listed companies in line with the Act. The amendments will be applicable from October 1, 2014.
3) The Act introduces new audit requirements for listed companies regarding secretarial audit and internal audit. It also changes terms of appointment for statutory auditors.
4) The
The document provides details of 4 latest open offers made by acquirers under SEBI Takeover Regulations:
1) Vijay Mario Sebastian Misquitta and Ajay Dilkush Sarupria launched an open offer for TRC Financial Services Ltd to acquire up to 20% shares at Rs. 11 per share.
2) Savjibhai D.Patel & Usha S. Patel made an open offer for SJ Corporation Ltd to acquire up to 20% shares at Rs. 447 per share.
3) T Rajkumar offered to acquire up to 20% shares of New Horizon Leasing & Finance Ltd at Rs. 10 per share.
4) Murk
The document is The Shaw Group Inc. 2001 Employee Incentive Compensation Plan. The purpose of the plan is to attract and retain employees, motivate employees to achieve long-term goals, provide competitive compensation, and align employee and shareholder interests. The plan allows for various types of awards including stock options, restricted stock, and performance shares. It defines key terms, outlines plan administration, and establishes limits on the number of shares that may be awarded.
The document is The Shaw Group Inc. 2001 Employee Incentive Compensation Plan. The purpose of the plan is to attract and retain employees, motivate employees to achieve long-term goals, provide competitive compensation, and align employee and shareholder interests. The plan allows for various types of awards including stock options, restricted stock, and performance shares. It defines key terms, outlines plan administration, and establishes limits on the number of shares that may be awarded.
IDFC Nifty Fund_Scheme information documentTravisBickle19
The document provides information on the IDFC Nifty Fund scheme. Some key points:
- The scheme aims to replicate the Nifty 50 index by investing in the same securities in the same proportion.
- It has a Regular and Direct plan with growth and dividend options. Minimum investment amounts are Rs. 5,000 initially and Rs. 1,000 for additional purchases.
- The scheme benchmarks its performance against the Nifty 50 TRI and aims to minimize tracking error within 2-3% range.
- It is an open-ended scheme that may invest in index futures for efficient portfolio management.
- Risk factors include market risks from investing in equity markets, risks of tracking error from the index, and
IDFC Nifty Fund_Scheme information documentIDFCJUBI
The document provides information on the IDFC Nifty Fund scheme. Some key details include:
1) The scheme aims to replicate the Nifty 50 index by investing in the same securities in the same proportion as the index. There is no assurance the scheme will achieve its objective.
2) The scheme offers a Regular and Direct plan with growth and dividend options. Minimum investment amounts are Rs. 5,000 initially and Rs. 1,000 for additional purchases.
3) The scheme benchmarks its performance against the Nifty 50 TRI and aims to provide investors with returns corresponding to the index, subject to tracking error.
Format of AOA (Article of Association) as per New Companies Act 2013mystartupvakil.com
Dear All
As you all know 98 sections of the Companies Act 2013 has been implemented w.e.f. 12th Sep 2013, therefore all ROC are asking changes in AOA. I am sharing a draft form of AOA. Kindly note that there is no change in MOA you can still use the old MOA.
The document discusses buyback of shares by a company. It defines buyback as a company repurchasing its own shares. The objectives of buyback include increasing promoter holdings, improving earnings per share, and paying surplus cash. Companies can buyback shares through tender offers to shareholders, purchasing on the open market, or through book building. Strict conditions apply, including board and shareholder approvals, maintaining debt-equity ratios, and extinguishing repurchased shares within 7 days. Regulations cover pricing, timelines, disclosure requirements, and prohibitions.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
1. 1
PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF NEW DELHI TELEVISION LIMITED
UNDER REGULATIONS 3(1), 4 AND 5 READ WITH REGULATIONS 13(2), 14 AND 15(1) OF THE SECURITIES AND EXCHANGE BOARD
OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 AND SUBSEQUENT AMENDMENTS
THERETO
Open offer for acquisition of up to 16,762,530 fully paid up equity shares of the face value of INR 4 each (“Equity Shares”), representing 26.00% of
the Voting Share Capital (as defined below) of New Delhi Television Limited (“Target Company”) from all the Public Shareholders (as defined below)
of the Target Company (“Open Offer” or “Offer”) by Vishvapradhan Commercial Private Limited (“Acquirer”) together with AMG Media Networks
Limited (“PAC 1”) and Adani Enterprises Limited (“PAC 2”, and collectively with PAC 1, “PACs”) as persons acting in concert.
This public announcement (“Public Announcement”) is being issued by JM Financial Limited, the manager to the Offer (“Manager to the Offer”), for and
on behalf of the Acquirer and PACs, to the equity shareholders of the Target Company excluding the Acquirer and the PACs, including the persons deemed to
be acting in concert with such parties (“Public Shareholders”), pursuant to and in compliance with Regulations 3(1), 4 and 5 read with Regulations 13(2), 14
and 15(1), and other applicable regulations of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
and subsequent amendments thereto (“SEBI (SAST) Regulations”).
For the purpose of this Public Announcement, “Voting Share Capital” means the expected total voting equity share capital of the Target Company as of the
10th (Tenth) Working Day from the closure of the Tendering Period for the Offer. This excludes 11,250 Equity Shares which have been issued but not subscribed
pursuant to an Employee Stock Purchase Scheme. As per the shareholding pattern filed by the Target Company with BSE Limited and National Stock Exchange
Limited (collectively referred to as the “Stock Exchanges”) for the quarter ended June 30, 2022, the Target Company has disclosed that it has not issued any
partly paid-up shares, convertible securities or warrants, and there are no shares against which depository receipts have been issued. Further, it is assumed that
there are no outstanding employee stock options that were exercised into equity shares after June 30, 2022 and no employee stock options that will vest and be
exercisable into equity shares of the Target Company between the date of this Public Announcement and the 10th (Tenth) Working Day from the closure of the
Tendering Period for the Offer.
1. Offer Details
1.1. Size: Up to 16,762,530 fully paid up Equity Shares (“Offer Shares”), constituting 26.00% of the Voting Share Capital at a price of INR 294.00 per Offer
Share aggregating to a total consideration of up to INR 4,928,183,820.00 (assuming full acceptance) (“Offer Size”), subject to the terms and conditions
mentioned in this Public Announcement, the detailed public statement (“DPS”) and the letter of offer (“LoF”) to be issued in accordance with the SEBI
(SAST) Regulations.
1.2. Price/ consideration: INR 294.00 per Offer Share (“Offer Price”) which has been determined in accordance with Regulation 8(1), Regulation 8(2) and
other applicable provisions of the SEBI (SAST) Regulations. Assuming full acceptance of the Offer, the aggregate consideration payable to the Public
2. 2
Shareholders will be up to INR 4,928,183,820.00. The Offer Price is higher than the price determined in accordance with Regulation 8(2) of the SEBI
(SAST) Regulations.
1.3. Mode of payment (cash/ security): The Offer Price will be paid in cash by the Acquirer in accordance with Regulation 9(1)(a) of the SEBI (SAST)
Regulations.
1.4. Type of offer (Triggered offer, voluntary offer/ competing offer etc.): The Offer is a mandatory offer made by the Acquirer and the PACs in
compliance with Regulations 3(1), 4 and 5 of the SEBI (SAST) Regulations. The Offer is a deemed direct offer meeting the thresholds specified under
Regulation 5(2) of the SEBI (SAST) Regulations. This Offer is not subject to any minimum level of acceptance.
2. Transaction which has triggered the Open Offer obligations
2.1. Pursuant to loan agreements dated July 21, 2009 and January 25, 2010 (collectively, “Loan Agreements”), each entered into between the Acquirer,
RRPR Holding Private Limited (“Promoter Company”), Mr. Prannoy Roy (“Promoter 1”) and Mrs. Radhika Roy (“Promoter 2”, and collectively with
Promoter 1, “Promoter Individuals”), the Acquirer, at its discretion: (i) has the right to exercise any or all of the 100,000,000 warrants (“Warrants”)
issued to it by the Promoter Company, which upon exercise of all Warrants, will result in such number of equity shares amounting to 99.99% of the
equity share capital of the Promoter Company upon payment of par value for such equity shares; and (ii) in addition to the above, also has the right to
purchase from the Promoter Individuals, all the 10,000 equity shares of the Promoter Company held by the Promoter Individuals at par value (“Purchase
Option”).
2.2. Pursuant to the terms of the Warrants, the Acquirer has exercised a portion of the Warrants, being 1,990,000 Warrants, resulting into 1,990,000 equity
shares of the Promoter Company (“Promoter Company Shares”), constituting 99.50% of the equity capital of the Promoter Company post issuance of
the equity shares pursuant to exercise of the above warrants, for INR 19,900,000.00 by issuing a notice dated August 23, 2022 (“Warrant Exercise
Notice”) to the Promoter Company. The Acquirer, at its sole discretion, may exercise the balance Warrants to acquire up to 99.99% of the equity share
capital of the Promoter Company at any time and in such manner as it may deem fit (“Subsequent Warrant Exercise”).
2.3. Further, the Acquirer, at its sole discretion, may exercise the Purchase Option by purchasing the 10,000 equity shares held by the Promoter Individuals
for INR 100,000.00, at any time and in such manner as it may deem fit (“Purchase Option Exercise”). The Purchase Option Exercise and the consequent
transfer of equity shares of the Promoter Company by the Promoter Individuals to the Acquirer, will result in the Acquirer acquiring 100.00% of the
current equity share capital of the Promoter Company. However, it may be noted that neither the Subsequent Warrant Exercise and consequent issuance
of equity shares of the Promoter Company resulting in the Acquirer holding up to 99.99% of the equity share capital of the Promoter Company, nor the
Purchase Option Exercise and consequent transfer of equity shares of the Promotor Company by the Promotor Individuals to the Acquirer resulting in
3. 3
the Acquirer holding 100.00% of the equity share capital of the Promoter Company, will result in any further acquisition of voting rights in or control
over the Target Company by the Acquirer than as set out in this Public Announcement.
2.4. Pursuant to:
(i) the Warrant Exercise Notice and the Subsequent Warrant Exercise if exercised by the Acquirer, and the corresponding proposed issuance of equity
shares by the Promoter Company to the Acquirer; and/or
(ii) the Purchase Option Exercise, if exercised by the Acquirer, and the corresponding transfer of the equity shares of the Promoter Company by the
Promoter Individuals to the Acquirer,
the Acquirer shall hold at least 99.50% but up to 100.00% of the paid-up share capital of the Promoter Company. The Promoter Company in turn holds
18,813,928 Equity Shares representing 29.18% of the Voting Share Capital, and is disclosed as part of the promoter group of the Target Company. Thus,
the said transaction will result in a deemed direct acquisition (being an indirect acquisition meeting the thresholds specified in Regulation 5(2) of the
SEBI (SAST) Regulations) of voting rights in excess of 25.00% of the Target Company (“Underlying Transaction”). Pursuant to consummation of the
Underlying Transaction and the Offer, the Acquirer shall acquire control over the Target Company.
Details of Underlying Transaction
Type of Transaction
(direct/ indirect)
Mode of Transaction
(Agreement/ Allotment/ market
purchase)
Shares/ Voting rights
acquired/ proposed to be
acquired (1)
Total
Consideration
for shares/
Voting Rights
(VR) acquired
Mode of
payment (Cash/
securities)
Regulation which
has triggered
Number % vis a vis
total equity/
voting
capital
Indirect acquisition of
the Target Company
by the Acquirer
pursuant to the
Underlying
Transaction. The
indirect acquisition is
a deemed direct
acquisition which
meets the thresholds
Pursuant to the Underlying
Transaction, the Acquirer will own
and control at least 99.50% but up
to 100.00% of the paid-up share
capital of the Promoter Company,
which holds 29.18% of the Voting
Share Capital of the Target
Company, resulting in deemed
direct acquisition (being an indirect
acquisition meeting the thresholds
18,813,928 29.18% Not applicable as
this is an indirect
acquisition.
Not applicable as
this is an indirect
acquisition.
Regulations 3(1), 4
and 5 of the SEBI
(SAST)
Regulations.
4. 4
Details of Underlying Transaction
Type of Transaction
(direct/ indirect)
Mode of Transaction
(Agreement/ Allotment/ market
purchase)
Shares/ Voting rights
acquired/ proposed to be
acquired (1)
Total
Consideration
for shares/
Voting Rights
(VR) acquired
Mode of
payment (Cash/
securities)
Regulation which
has triggered
Number % vis a vis
total equity/
voting
capital
set out in Regulation
5(2) of SEBI (SAST)
Regulations.
specified in Regulation 5(2) of the
SEBI (SAST) Regulations) of
voting rights in excess of 25.00%
over the Target Company, by the
Acquirer. Pursuant to
consummation of the Underlying
Transaction and the Offer, the
Acquirer shall acquire control over
the Target Company.
Notes:
1) The Acquirer will not directly acquire any equity shares of the Target Company pursuant to the Underlying Transaction. However, pursuant to the
Underlying Transaction, the Acquirer shall hold at least 99.50% but up to 100.00% of the paid-up share capital of the Promoter Company, which
holds 18,813,928 equity shares in the Target Company constituting 29.18% of the Voting Share Capital of the Target Company.
2) In the event the shareholding of the promoter and promoter group in the Target Company, after the completion of the Underlying Transaction and
Offer, exceeds 75.00% of the Voting Share Capital of the Target Company, the Acquirer will ensure compliance with the minimum public
shareholding requirements in such manner and timelines prescribed under applicable law.
3. Acquirer and PACs
Details Acquirer PAC 1 PAC 2
Name of Acquirer/ PACs
Vishvapradhan Commercial Private
Limited (“VCPL”)
AMG Media Networks Limited
(“AMNL”)
Adani Enterprises Limited (“AEL”)
Address 4th Floor, Plot No. 38, Institutional Area,
Sector- 32, Gurgaon, Haryana 122001,
Adani Corporate House, Near Vaishno
Devi Circle, SG Highway Khodiyar
Adani Corporate House, Shantigram,
Near Vaishno Devi Circle, SG
5. 5
Details Acquirer PAC 1 PAC 2
India. Ahmedabad, Gujarat – 382421, India. Highway Khodiyar Ahmedabad,
Gujarat – 382421, India.
Name(s) of persons in
control/ promoters of
Acquirer/ PACs where
Acquirer/ PACs are
companies
PAC 1 PAC 2
Please refer to Note 1 below for the
names of the promoter and promoter
group of AEL.
Name of the Group, if
any, to which the
Acquirer/ PACs belongs
to
Adani Group Adani Group Adani Group
Pre-transaction
shareholding
• Number
• % of total share
capital
Nil Nil Nil
Proposed shareholding
after the acquisition of
shares which triggered
the Offer (2)
Please refer to Note 3 below Please refer to Note 3 below Please refer to Note 3 below
Any other interest in the
Target Company
None
PAC 1 has the right to call upon up to
26.00% of the equity share capital of the
Target Company from the Promoter
Company.
None
Notes:
1) The names of the promoter and promoter group of AEL as disclosed by it to the Stock Exchanges under the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015, as of June 30, 2022 are as follows:
Individuals: Gautambhai Shantilal Adani, Rajeshbhai Shantilal Adani.
6. 6
Body Corporates and Others: Shri Gautam S. Adani/Shri Rajesh S. Adani (on behalf of S. B. Adani Family Trust), Shri Gautam S. Adani/Smt.Priti
G. Adani (on behalf of Gautam S. Adani Family Trust), Adani Properties Pvt. Ltd, Adani Tradeline LLP, Afro Asia Trade and Investments Limited,
Worldwide Emerging Market Holding Limited, Flourishing Trade And Investment Ltd.
2) Excluding Offer Shares which will be tendered and accepted in the Offer.
3) PAC 2 holds 100.00% of the issued share capital of PAC 1. PAC 1 holds 100.00% of the issued share capital of the Acquirer. The Acquirer will not
directly acquire any equity shares of the Target Company pursuant to the Underlying Transaction. However, pursuant to the Underlying Transaction,
the Acquirer shall hold at least 99.50% but up to 100.00% of the paid-up share capital of the Promoter Company, which holds 18,813,928 equity
shares in the Target Company constituting 29.18% of the Voting Share Capital of the Target Company.
4. Details of selling shareholders, if applicable
The Underlying Transaction does not involve any sale or purchase of Equity Shares from any existing shareholders of the Target Company. The
Underlying Transaction involves the acquisition of at least 99.50%, but up to 100.00%, of the shareholding of the Promoter Company. The Promoter
Company holds 18,813,928 Equity Shares constituting 29.18% of the Voting Share Capital of the Target Company.
5. Target Company
Name: New Delhi Television Limited.
Registered Office: B-50 A, 2nd Floor, Archana Complex, Greater Kailash-I, New Delhi, 110048, India.
Exchanges where listed: The equity shares of the Target Company are listed on the BSE Limited (BSE) (Security ID: NDTV; Scrip Code: 532529)
and the National Stock Exchange of India Limited (NSE) (Symbol: NDTV).
The ISIN of the equity shares of the Target Company is INE155G01029.
6. Other Details
6.1. Further details of the Offer, including the reasons and background to the Offer, information on the Offer Price, details of the Underlying Transaction,
information on the Acquirer, PACs and the Target Company, and statutory approvals, if any, shall be made available in the DPS, which shall be published
not later than 5 working days from the date of this Public Announcement, in accordance with Regulation 13(4) of the SEBI (SAST) Regulations.
7. 7
6.2. The Acquirer accepts full responsibility for the information contained in this Public Announcement. The Acquirer and PACs jointly and severally
undertake that they are aware of and will comply with their obligations under the SEBI (SAST) Regulations. The Acquirer and PACs have confirmed
that they have adequate financial resources to meet the obligations under the Offer, in terms of Regulation 25(1) of the SEBI (SAST) Regulations.
6.3. The Offer is not conditional upon any minimum level of acceptance pursuant to the terms of Regulation 19 of the SEBI (SAST) Regulations.
6.4. This Public Announcement is not being issued pursuant to a competing offer under the terms of Regulation 20 of the SEBI (SAST) Regulations.
6.5. All information stated in this Public Announcement relating to the Target Company has been obtained from publicly available sources.
6.6. This Offer is subject to the terms and conditions mentioned in this Public Announcement, and as will be set out in the DPS and the LoF, that are proposed
to be issued for the Open Offer in accordance with the SEBI (SAST) Regulations.
6.7. In this Public Announcement, all references to “INR” are references to Indian Rupees and any discrepancy in any amounts as a result of multiplication
or totalling is due to rounding off.
Issued by the Manager to the Offer:
JM Financial Limited
7th Floor, Cnergy,
Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400025, India.
Tel. No.: +91 22 6630 3030
Fax No.: +91 22 6630 3330
Email ID: prachee.dhuri@jmfl.com
Contact Person: Ms. Prachee Dhuri
SEBI Registration Number: INM000010361
On behalf of the Acquirer and the PACs:
Vishvapradhan Commercial Private Limited (Acquirer)
8. 8
AMG Media Networks Limited (PAC 1)
Adani Enterprises Limited (PAC 2)
Place: Ahmedabad
Date: August 23, 2022