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| Exchange Disseminated Time 15/01/2017 13:21:49 | TV18 Broadcast Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 14, 2017, on the recommendation of the Audit Committee, approved the Scheme of Amalgamation of the following direct or indirect wholly owned subsidiaries of the Company, namely:
(1) Equator Trading Enterprises Private Limited, (2) Panorama Television Private Limited, (3) RVT Media Private Limited and (4) ibn18 (Mauritius) Limited, into TV18 Broadcast Limited with appointed date as April 01, 2016, under the applicable provisions of the Companies Act, 2013.
The said Scheme of Amalgamation is subject to receipt of further approvals of the Central Government and / or National Company Law Tribunal and / or Stock Exchanges and/or Securities and Exchange Board of India and/or Shareholders and/or Lenders and/or Creditors and/or such other competent authority(ies), as may be required under the extant applicable provisions of the law. |
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