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Outcome of Committee Meeting

| Updated on November 14, 2017 Published on March 19, 2012

Cinerad Communications Ltd has informed BSE that the Committee of Independent Directors of the Company at its meeting held on March 19, 2012, discussed, analysed and reviewed the Open Offer given by Mr. Pradeep Kumar Daga and Mrs. Vinita Daga for acquisition of 26% of the equity and voting share capital of Cinerad Communications Limited ("the Company") pursuant to the Public Announcement dated January 04, 2012 and Detailed Public Statement dated January 11, 2012 and has made the recommendation on the said Open Offer in accordance with the provisions of regulation 26(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The recommendations of the Committee of the Independent Directors on the Open Offer shall be published in the same newspapers in which the Detailed Public Statement dated January 11, 2012 has appeared and a copy of the same shall be furnished to the Securities and Exchange Board of India, Stock Exchange (where the equity shares of the Target Company are listed) and to the Manager to the Open Offer in due course.

Source : BSE - >www.bseindia.com

Published on March 19, 2012
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