| MUMBAI:
The open offer by Walt Disney for a further 20 per cent stake in media and entertainment
firm UTV Software has been rescheduled and will now open on 8 October.
As
per the revised schedule the open offer will close on 27 October, UTV Software
said. Earlier the open offer was to begin on 11 April 11, and close on 30 April.
The
Walt Disney Company along with Unilazer Exports and Management Consultant, Unilazer
(Hong Kong) Ltd and Ronnie Screwvala had made an open offer to the shareholders
of UTV Software for acquiring around 20 per cent stake in the domestic media firm.
In
February this year UTV Software had said that Walt Disney would hike its stake
in the company to 32 per cent pursuant to a preferential allotment of shares worth
Rs 8.05 billion, this triggered the open offer as per Securities and Exchange
Board of India (Sebi) guidelines. | 
