Hacked by islam_Bey imhatimi.org

Idea Cellular Ltd has informed BSE that:

“In compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 1997, please find below details of shares of SCL (Spice Communications Ltd) acquired on this date July 15, 2008 by Idea Cellular Ltd (”Idea” / “Acquirer”):

1) Mode of Acquisition : Open Market
2) No. of Shares Acquired : 37 Equity Shares
3) Average Market Price : Rs 74.05 per share
4) Total Percentage : Negligible

We confirm that no shares have been acquired at a price over the open offer price of Rs 77.30 per share.

Please note that the acquisition of these shares has not been completed and the shares are held in separate escrow accounts. Under the terms of the escrow agreement and in compliance with Regulation 23(6), these shares will be released to the Acquirer only once the Acquirer has fulfilled all its obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997″.

Tags: Idea Cellular

This entry was posted on Friday, July 18th, 2008 at 5:46 am and is filed under Commodities. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.