Imtiaz Patel steps down as MultiChoice chairman
After agreeing that Patel would stay on until the conclusion of the Canal+ deal, he has now been replaced by Elias Masilela.
Stay updated with breaking news from Takeover Regulations. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
After agreeing that Patel would stay on until the conclusion of the Canal+ deal, he has now been replaced by Elias Masilela.
In a notice to MultiChoice shareholders, Canal+ claimed that it acquired the additional shares from 12 to 17 April for between R115.95 ($6) and R117.50 ($6) per share.
The Securities and Exchange Board of India has told the present promoters of POMPL to make an open offer at nearly 10X the current price of Rs 2.
Deal is subject to conditions, including securing approvals from SA’s competition authorities.
The four entities reduced their shareholding from 59.23 percent to 15.25 percent over 15 transactions