Last checked at 17 Mar 2010 12:11
Sub.: Disclosure under Regulation 7 (3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997
Pursuant to the intimation received from Life Insurance Corporation of India, we enclose herewith disclosure as required under Regulation 7(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, being acquisition of more than 14% equity shares of the Company by Life Insurance Corporation of India.
Kindly take the same on record.
This is for your information.
Yours faithfully
For Reliance Infrastructure Limited
Ramesh Shenoy
Company Secretary
FORMAT FOR DISCLOSURE OF DETAILS OF ACQUISITION TO
STOCK EXCHANGES BY TARGET COMPANY, IN TERMS
OF REGULATION 7(3) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 1997
| Name of the Target company | Reliance Infrastructure Limited | |
| Date of reporting | 17.03.2010 | |
| Names of the stock exchanges where the shares of the target company are listed | (i) Bombay Stock Exchange Limited (ii) The National Stock Exchange of India Ltd.
| |
| Details of the acquisition/sale received in terms of Reg. 7(1) and 7(1A) | ||
| Names of the acquirers/sellers and PACs with them | Life Insurance Corporation of India | |
| Date of Acquisition/sale
| 11.03.2010 | |
| Date of receipt of intimation of allotment by acquirer/seller | 11.03.2010 | |
| Mode of acquisition (e.g., open market / public issue / rights issue / preferential allotment / inter se transfer etc.) | Open Market
| |
| Mode of sale (e.g., open market / MOU / off market etc.) | Not Applicable | |
| Particulars of acquisition / sale | Number | % w.r.t. total paid-up capital of Target Company |
| (a) Shares/Voting rights (VR) of the acquirer / seller before acquisition/sale | 3,14,06,160 | 13.941547 |
| (b) Shares/ voting rights acquired/sold | 1,34,540 | 0.059724 |
| (c) Shares/VR of the acquirer/seller after acquisition/sale | 3,15,40,700 | 14.001271 |
| Paid-up capital/total voting capital of the target company before the said acquisition | 22,52,70,262 equity shares of Rs 10 each aggregating Rs 2,25,27,02,620
| |
| Paid-up capital/total voting capital of the target company after the said acquisition | 22,52,70,262 equity shares of Rs 10 each aggregating Rs 2,25,27,02,620 | |
Note :
1. The disclosure shall be made within 7 days of receipt of information u/r 7(1) and 7(1A).
For Reliance Infrastructure Limited
Ramesh Shenoy
Company Secretary
Place : Mumbai
Date : 17.03.2010