Reliance Broadcast Network: Updates on post delisting offer

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26 Aug, 2025 12:21

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Axis Capital Ltd ("Manager to the Delisting Offer") has submitted to BSE a Copy of public announcement (“Post Offer PA”) issued by Reliance Share & Stock Brokers Private Limited (“R-Share”), Reliance Land Private Limited (“R-Land”) and Reliance Capital Limited (“R-Cap”) (collectively referred to as the “Acquirers”) to the public shareholders of Reliance Broadcast Network Ltd ("Target Company"). This Post Offer Pa is in continuation of and should be read in conjunction with, (i) the public announcement published on January 22, 2014 (“PA”) in respect of the proposed acquisition and voluntary delisting of fully paid-up equity shares of the Company from BSE Limited and National Stock Exchange of India Limited in accordance with the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (“Delisting Regulations”), and (ii) the bid letter dated January 22, 2014 issued in respect thereof inviting Bids from all Public Shareholders of the Company (“Bid Letter”). This Post Offer PA is being issued in accordance with Regulation 18 of the Delisting Regulations.Capitalised terms and abbreviations used in the Post Offer PA and not defined herein have the same meaning as ascribed to them in the PA and the Bid Letter, unless otherwise specified.The Acquirers issued the 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 19,901,854 Equity Shares representing 25.05% of the total paid-up equity share capital of the Company from the Public Shareholders. The Public Shareholders of the Company were invited to submit Bids pursuant to a reverse book-building process (“RBP”) made available through the electronic system of the BSE during the Bid Period (February 12, 2014 to February 18, 2014), in accordance with the Delisting Regulations.Source : BSE

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