UTV closes $ 203 million deal with The Walt Disney Company

Mumbai: UTV Software Communications has announced the successful closure of its preferential allotment to The Walt Disney Company.

This was approved, where the committee allotted 93,52,500 equity shares of Rs 10 each at an issue price of Rs. 860.79 per equity share aggregating to around Rs 8,050 million ($ 203 million). The Promoter Group have also subscribed to 45, 32,000 warrants at the same issue price.

With this, the Promoter Group and Disney will have equal stake of 32.10% in UTV.

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