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| Exchange Disseminated Time | With reference to Increase in Price, Next Mediaworks Ltd has clarified to BSE that the Company have not withheld any price sensitive information from the stock exchanges and the investing public.
The Company is unable to explain the reason for sudden increase in the Company's share price.
On December 04, 2012 at the Extra-ordinary General Meeting of the company, the shareholders of the Company have approved the resolutions for preferential allotment of shares to Promoter companies at a price of Rs. 3.50 per share or such other price as may be determined by the Company Law Board/Central Government.
The Company is in the process of making an application to CLB in connection with the same. |
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