13 Dec 07 TV18 open offer price for Infomedia India fixed
Telivision Eighteen (TV18) has fixed the Infomedia India open offer price. TV18 open offer price for the shareholders of Infomedia India Limited has been fixed at Rs. 237 per share. TV18 will acquire upto 20% stake in Infomedia India through this open offer. Rs. 237 in cash will be paid to shareholders of Infomedia India who participate in this open offer and surrender their shares to TV18. This open offer offers an excellent arbitrage opportunity. However, investors must understand that only part of the stake that they have offered in the open offer might be accepted by TV 18 incase the shares surrendered in the open offer exceed 20% of the paid up capital of Infomedia India.
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