TV18 Open offer price at Rs 237 for Infomedia India

Telivision Eighteen (TV18) Open offer price has been annouced, the company is set to buy 20 per cent stake in Infomedia India Limited through open offer at a price of Rs. 237 per share in cash. Infomedia India Limited share holders who would like to surrender their shares under the open offer will be paid Rs. 237 per share in cash by TV 18. Investors should note that not all the shares surrendered by the investors will be accepted by Tv 18, if the total number of shares exceed 20 percent of the paid up capital of Infomedia Limited. TV18 Open offer date is not yet announced more information will be updated soon.