May 26, 2018

UTV Software- Compulsory Buy Back- Shareholders to Oppose Tooth and Nail

EGM on 29/05/2018 at 11:30 Am in Mumbai

May 02, 2018


UTV Software Communications to Compulsorily Eject Loyal Remaining Public Shareholders

 UTV Software Communications , a Walt Disney Company delisted in 2012 @ Rs.1100 


Its prospects have become very bright after its parent bought Rupert Murdoch 's 21 st Century Fox .

It , now , wants to kick out remaining loyal Non Promoter shareholders @ Rs 500 (  Less than 50% what it offered 6 years back.)

So called independent valuers/ CA M/s.Deloitte Haskins And Sells has valued the share at only Rs.26 / 30 ( So , the Company is doing a great favour )

But the Company would keep 5 shares with any 5 of its employees so that it remains a Public Limited Company ( Minimum 7 shareholders are required )

EGM on 29 th May , 2018 at 11:30 am at Mumbai

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Please read

February 14, 2018


Games Promoters Play ( on Minority Public Shareholders ).

Promoters use clever moves to forcibly eject Public shareholders when ever they feel like i.e. when the Company has excellent future prospects or when it suits the Promoters. 


1 ) Selective cancellation of Non Promoters shares.


2 ) Conversion of Equity shares in to Redeemable Preference Shares.


3 ) Consolidation of face value of one share to a Higher Denomination .



In all cases , valuers are appointed and Paid by the Company. Thus they are Promoters' Agents.

for more


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If the Company feels that the rate it is offering is " FAIR " then it should , also , be willing to offer to sell its entire majority  holding at that rate . The minority share holders ( and other Indian share holders ) should have a Right of Pre emption at that " FAIR " rate. For example if Cadbury India Limited feels that Rs.2000 is a " fair rate " then Indian shareholders in general should be given an opportunity to form a SPV ( Special Purpose Vehicle ) Company which ( with suitable debt equity Leveraged Buy out ) and buy  at the same rate  the majority shares from the Promoters. A period of 6 months should be kept for giving this opportunity to Non Promoter Indian shareholders 

for more


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old posts
December 15, 2017

Disney Fox Deal- UTV Software Communications ( Delisted )

https://en.wikipedia.org/wiki/Acquisition_of_21st_Century_Fox_by_Disney

https://economictimes.indiatimes.com/industry/media/entertainment/media/cinderella-effect-with-fox-in-bag-disney-to-become-indias-largest-entertainment-company/articleshow/62074206.cms

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In a deal that could reshape the entertainment business globally, Walt Disney Co. has agreed to buy Rupert Murdoch’s 21st Century Fox Inc. for about $52.4 billion in stock on Thursday.----------


Currently, Disney operates eight children and youth entertainment channels in India, namely Disney Channel, Disney Junior and Hungama TV. It operates Bindaas and film channels UTV Action and UTV Movies, the channels it acquired from Ronnie Screwvala’s UTV Software Communications Ltd for $454 million in the year 2012.

for more / source

http://www.livemint.com/Companies/sdRdjtYGZyJXQadZwTl0LL/Fox-deal-set-to-make-Disney-Indias-biggest-broadcaster.html

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UTV Communications ( Indian Company ) Delisted


Acquisition by Disney[edit]

In 2011, Disney offered to buy out stakes held by public shareholders and other promoters of the company in a deal valued around Rs 20 billion (USD $297 Million).[3]
Subsequent to the buyout by The Walt Disney Company (South East Asia) Pte Ltd, a promoter group firm, the company will be delisted from both the Bombay Stock Exchange and the National Stock Exchange. "The delisting proposal entails an offer to acquire all outstanding equity shares held by public shareholders in the company," UTV said in a filing to the Bombay Stock Exchange.Currently, Disney was the majority shareholder in UTV Software Communications at the time, with 20,497,994 equity shares, accounting for 50.44 per cent stake. The company's board of directors approved the delisting offer and acquiring shares from public at a price not exceeding Rs 1,000 per equity share, it said.

for more / source

https://en.wikipedia.org/wiki/UTV_Software_Communications

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blog old posts -2012


August 16, 2012


UTV Software Comunications to Buy Balance Shares ?

UTV Software Communications Limited , a Walt Disney group company was  delisted .

Presently , the Promoters  The Walt Disney Company ( Southeast Asia ) Pte Limited hold 99 . 18 % of the equity.

An EGM has been convened for 27-08-12  to consider , inter - alia issue of 75 lakh  shares , on Preferential basis , to promoters @ Rs. 1090 per share.

 It appears the Company would also buy - back the remaining 0 : 82 % equity ( please recheck  )

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old post -2013

UTV Software Communications Exit Offer Final Closing -15-07-13 ( @ Rs.1100 )

Acquirers ,The Walt Disney Company ( Southeast Asia ) Pte Limited have extended the Exit Window to  15/07/13 for those shareholders who have not yet tendered their shares of UTV Software ( @ Rs.1100 ).

This last date would not be extended. 

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It appears some shares of UTV Software Communications Ltd are available for Sale / Purchase with Dealers of Rare Indian Shares.

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Caution : Please Recheck All Information Before Taking Any Investment Decision. 

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General Warning : Investment in Shares Can be Injurious to Your WEALTH

Disclosure : The Blog writer in his / family names has holdings in this Company. So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this blog / blog writer.

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