Updates on UTV Software Communications: Risk arbitrage
Dear Readers, This is w.r.t. UTV Software Communications Ltd – BSE Code 532619 (Risk arbitrage recommendation for Oct’11). The Cabinet Committee on Economic Affairs has approved the proposal of The Walt Disney (Southeast Asia) Pte Ltd, for increasing its shareholding on fully diluted basis from 48.02 per cent to 100 per cent in UTV Software Communications Ltd pursuant to the Foreign Investment Promotion Board recommendation. So, The Walt Disney can now proceed with the delisting of the equity shares of…