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| Exchange Received Time 21/04/2017 18:00:33 Exchange Disseminated Time 21/04/2017 18:00:36 Time Taken 00:00:03 | | Further to our intimation dated December 19, 2016, we wish to inform you that: The Company has received from Ministry of Information and Broadcasting an offer letter dated April 20, 2017, for migration of three FM radio stations of the Company (Delhi, Kolkata and Mumbai) from Phase II to Phase III subject to, inter-alia, the following: (i) Execution of Grant of Permission Agreement (GOPA) for migration of the three FM radio station to Phase III. (ii) Payment of migration fee of Rs. 71,36,79,767/- (Rupees Seventy One Crores Thirty Six Lakhs Seventy Nine Thousand Seven Hundred Sixty Seven Only) and other charges and interest (which the Company had already informed to the exchange vide our intimation letter dated December 19, 2016). We request you to kindly take the same on record. |
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