Television Eighteen India

Television Eighteen India Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on October 06, 2007, inter alia, to create, offer, issue and allot 50,00,000 Convertible Warrants, entitling the warrant holders(s) from time to time to apply for equity shares of the Company in one or more tranches, to Network18 India Holdings Pvt Ltd, a wholly owned a subsidiary of Network18 Fincap Ltd on preferential placement basis through offer letter and / or circular and / or information memorandum and / or private placement memorandum and / or such other documents / writings, in such form, manner and upon such terms and conditions as may be determined by the Board in its absolute discretion, provided that the aggregate number of resultant equity shares of the Company to be issued against such warrants shall not exceed 50,00,000 fully paid up equity shares of the face value of Rs 5/- each at a premium of Rs 791/- against the convertible Warrant of Rs 796/- each being not less then the price calculated in accordance with the subsisting SEBI DIP Guidelines in this behalf, subject to necessary provisions & approvals.