MUMBAI: UTV Software Communications Limited has informed the Exchange that FMR Corp and Fidelity International Limited (FIL) have acquired 18,00,000 equity shares aggregating to 9.23 per cent of the paid up capital of UTV Software Communications Limited on 17 March, 2005.
 

The mode of acquisition is through open market and the shareholding of FMR Corp and (FIL) after the acquisition now stands at 19,49,000 equity shares aggregating to 9.99 per cent of the paid up capital of UTV Software Communications.

It may be recalled that the UTV scrip debuted on the stock market on 17 March, scaling to 30.8 per cent in early trade on its listed price of Rs 130.
 
 

The company's initial public offer raised Rs 910 million through an issue of nearly 7 million shares, representing 34.1 per cent of its post-issue equity capital.

UTV's IPO was oversubscribed 26.35 times when it closed on 25 February.