Corporate Announcement
Security Code : 500325    Company : RELIANCE    
 
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - UpdateDownload PDFDownload XBRL
  Exchange Received Time  04/02/2019 23:16:48         Exchange Disseminated Time   04/02/2019 23:16:56              Time Taken   00:00:08
It is hereby informed that:

(i) Den, pursuant to the preferential issue, has today allotted in the aggregate 28,14,48,000 equity shares of Rs. 10/- each at a price of Rs. 72.66/- per equity share (including a premium of Rs. 62.66/- per equity share) aggregating to Rs. 2045,00,11,680/- representing 58.98% of the post-preferential issue paid-up share capital of Den to the 3 SPVs specified in the disclosure dated October 18, 2018 made by the Company.

(ii) Further, one of the SPVs has acquired by way of an off-market purchase 3,35,85,000 equity shares of Rs. 10/- each at a price of Rs. 72.66 per equity share aggregating to Rs. 244,02,86,100/- representing 7.03% of the post-preferential issue paid-up share capital of Den from Shri Sameer Manchanda and Verve Engineering Private Limited, members of the existing promoter and promoter group of Den.

Consequent to the aforesaid transactions, Digital Media Distribution Trust (of which Reliance Content Distribution Limited, a wholly-owned subsidiary of the Company is the sole beneficiary) has taken sole control of Den.
 

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