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Company
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Agreement with BBC | January
03, 2006
This is to inform you that 'BBC Worldwide Holdings B.V.',
a company incorporated under the laws of the Netherlands,
having its registered office at c/o Meespierson Intertrust,
Rokin 55, 1012 KK Amsterdam (BBCWW), has entered into
an agreement with Mid Day Multimedia Limited to invest
Rs. 31.85 crores in the equity shares of Radio Mid Day
West (India) Private Limited.
This is as per the Regulatory Guidelines issued by
Ministry of Information and Broadcasting and the FIPB
permission received from Ministry of Finance.
We further wish to inform you that, 'Rare Enterprises'
a Partnership Firm having its office at 151, Nariman
Bhavan, Nariman Point, Mumbai - 400 021 and Mr. Rakesh
Jhunjhunwala, who is a Partner at Rare Enterprises,
have entered into an agreement with Mid Day Multimedia
Limited to invest a total of Rs. 10 crores in the equity
shares of Radio Mid Day West (India) Private Limited.
Radio Mid Day West (India) Private Limited is a subsidiary
of Mid Day Multimedia Limited.
These funds will be utilized by Radio Mid Day West
(India) Private Limited for bidding for licenses under
Phase II of the Private FM Radio Broadcasting Policy
announced by the Ministry of Information and Broadcasting.
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Board approves FII Investment
| August 24, 2005
The board of directors of the company at their meeting
held on August 24, 2005 has accorded their consent for
the following:
1. To issue and allot on a preferential basis 21,90,000
fully paid up equity shares of Rs.10/- each of the Company
for cash at a price of Rs.82/- per share including a premium
of Rs.72/- per share aggregating to Rs.17, 95,80,000 to
T. ROWE PRICE INTERNATIONAL, INC in accordance with the
guidelines for Preferential Issue of SEBI (Disclosure
and Investor Protection) Guidelines, 2000 and the subsequent
amendments thereto.
2. To increase the Foreign Direct Investment limit upto
26% and allow the investments by Foreign Corporate Body/Non-Resident
Indian/Persons of Indian Origin, Foreign Institutional
Investors.
3. To call EGM on Saturday, September 17, 2005 of the
company to obtain shareholders approval for the above
items. |
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Annual General Meeting |
July 20, 2005
The AGM of the Company held on July 18, 2005 and all the
resolutions were passed unanimously.
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Banhem Financial Investment
| 21-06-2005
Banhem Financial Investment & Consultants Limited
has sold 36,39,330 shares aggregating to 8.55% of the
share capital of Mid-Day Multimedia Limited on June 16,
2005. The mode of sale is through open market and the
shareholding of Banhem Financial Investment & Consultants
Limited after the said sale is 44,449 shares (along with
PAC*) aggregating to 0.1% of the share capital of Mid-Day
Multimedia Limited. PAC* - Dharamyug Investments Limited.
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Board meeting held on April
29, 2005 | 30-04-2005
At the Board meeting held on April 29, 2005, the Board
has appointed Mr. Shekhar Gupta, representative of The
Indian Express Limited as a Nominee Director on the Board
of the Company. |
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BODs held on April 29, 2005
| 29-04-2005
At the meeting of the BODs held on April 29, 2005 : 1)
The AGM will be held on July 18, 2005. 2) The Register
of Members and Share Transfer Books will remain closed
from July 15, 2005 to July 18, 2005 (both days inclusive).
3) The Directors did not recommend any dividend. 4) Subject
to approval of the shareholders, the board has recommended
issue of 5 lacs equity shares to a trust for implementation
of ESOP. |
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Banhem Financial & Investment
Consultants Limited | 11-04-2005
Banhem Financial & Investment Consultants Limited
have sold 15,76,504 shares aggregating to 3.70% of the
share capital of Mid-Day Multimedia Limited on April 07,
2005. The mode of sale is open market. The shareholding
of Banhem Financial & Investment Consultants Limited
along with their PAC - Dharmayug Investments Limited after
the said sale is 21,07,275 shares aggregating to 4.95%
of the share capital of Mid-Day Multimedia Limited. |
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Sale of shares: Ferari Investments
and Trading Company Pvt. Ltd. | 11-03-2005
Regarding the sale of 37,50,000 shares of the Company
by Ferari Investments and Trading Company Pvt. Ltd. and
sale of 506,628 shares of the Company by Meridian Holding
and Leasing Company Pvt. Ltd. We had in our earlier disclosure
mentioned only two sellers, instead of three. While there
is no change in the total number of shares (42,56,628)
sold to The Indian Express Limited, the details of the
revised disclosure will now read as follows: 1) Ferari
Investments and Trading Company Pvt. Ltd. have sold 30,00,000
shares aggregating 7.05% of the total paid up capital
of Mid-Day Multimedia Limited on March 03, 2005. The mode
of sale is MOU and the shareholding of Ferari Investments
and Trading Company Pvt. Ltd. after the said sale is 750,000
shares aggregating 1.76% of the total paid up capital
of the Company; 2) Meridian Holding and Leasing Company
Pvt. Ltd. has sold 658,628 shares aggregating 1.55% of
the total paid up capital of Mid-Day Multimedia Limited
on March 03, 2005. The mode of sale is MOU and the shareholding
of Meridian Holding and Leasing Company Pvt. Ltd. after
the said sale is 165,679 shares aggregating 0.39% of the
total paid up capital of the Company; 3) Inquilab Offset
Printers Private Limited has sold 598,000 shares aggregating
1.41% of the total paid up capital of Mid-Day Multimedia
Limited on March 03, 2005. The mode of sale is MOU and
the shareholding of Inquilab Offset Printers Private Limited
after the said sale is 231,233 shares aggregating 0.54%
of the total paid up capital of the Company. |
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Mid
Day Multimedia Limited © Copyright 2005 |
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Disclaimer |
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