Translate

Wednesday, February 11, 2009

NTT DoCoMo's open offer to TTML begins Feb 19

Tata Teleservices Maharashtra (TTML) today said the open offer to its shareholders by Japanese telecom major NTT DoCoMo has been rescheduled to February 19.

The open offer date was slated for January 8, but had to be deferred as DoCoMo was awaiting market regulator Sebi's approval.According to the revised schedule, the open offer would close on March 12, TTML said in a filing to the Bombay Stock Exchange.In November last year, NTT DoCoMo had said it would launch an open offer for a 20 per cent stake in the listed entity, after it acquired a 26 per cent in Tata Teleservices Ltd for $2.7 billion (Rs 13,070 crore).

If fully subscribed, the offer will cost the Japanese firm around Rs 940 crore.The offer is for acquiring 38,42,41,919 shares or up to 20 per cent. Earlier in December, DoCoMo deferred the offer following a delay in approval from market regulator Sebi.Lazard India Pvt Ltd (manager to the offer) issued a public announcement on behalf of NTT DoCoMo (acquirer) and Tata Sons Ltd (persons acting in concert).

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 18
11:30 Core Consumer Price Index (YoY) 3 3.5% 3.6% 3.8%
11:30 Consumer Price Index (MoM) 3 0.2% 0.2% 1.2%
11:30 Retail Price Index (MoM) 2 0.2% 1.7%
11:30 Retail Price Index (YoY) 2 4.3% 4.3% 4.5%
14:00 DCLG House Price Index (YoY) 1 3.5% 7.0% Revised from 6.4%
16:30 MBA Mortgage Applications 1 12.5%
18:00 Building Permits Change 1 -4.0% Revised from -4.7%
18:00 Housing Starts Change 1 1.6%
18:00 Housing Starts (MoM) 2 1.360M 1.361M
18:00 Building Permits (MoM) 2 1.430M 1.422M Revised from 1.412M
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener