In case of Den Network, RIL and its subsidiaries have announced open offer to acquire 12,21,83,457 fully paid-up equity shares.
The market valuation of Reliance Industries Ltd (RIL) slipped below the Rs 5 lakh crore mark.
New Delhi: Reliance Industries’ open offer to acquire shares of Den Networks and GTPL Hathway through its subsidiaries will start on Friday.
Reliance Industries and its subsidiaries have proposed to acquire 2,88,40,891 full paid-up equity shares, representing 25.64 per cent voting share capital of GTPL Hathway for Rs 82.65 per equity share for total consideration of '238.37 crore.
In case of Den Network, RIL and its subsidiaries have announced open offer to acquire 12,21,83,457 fully paid-up equity shares, representing 25.58 per cent of the expanded voting share capital at price of Rs 72.66 per equity share aggregating to total consideration of Rs 887.78 crore, according to the filings.
( Source : PTI )
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