UTV gets first inflow of funds from Disney

4641 Investors following UTV Software. Share this News with them.

0

Like this story, share it with millions of investors on M3

UTV gets first inflow of funds from Disney

UTV gets first inflow of funds from Disney

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Hungama TV to hunt for `Future Leaders' UTV Software results for the quarter ended June 30, 2006 UTV to raise Rs 200cr from stake sale, warrants ALSO READ See latest News about UTV Software See previous management interviews See what other Experts & Brokerages are saying about UTV Software UTV Software BSE | NSE 07/03/12 Are Mutual Funds betting on UTV Software?

UTV Software Communications today announced the allotment of 34,00,000 equity shares of Rs.10/- each at an issue price of Rs.192.50 per share to The Walt Disney Company (Southeast Asia) Pte Ltd. The approval for the same was granted by the members at their annual general meeting held on 24th August, 2006. The Company also announced the allotment of 19, 49,360 warrants to Mr. Ronnie Screwvala, founder and promoter of UTV.

This brings the first tranche of fund inflows into the Company amounting to Rs. 69.20 crores. With this transaction, the strategic investment into UTV from The Walt Disney Company stands executed.

Sourced From: Good Relations (I) Pvt Ltd