|
| Exchange Received Time 23/06/2017 13:53:05 Exchange Disseminated Time 23/06/2017 13:53:11 Time Taken 00:00:06 | Further to our intimation dated May 26, 2017, we wish to inform you that the Company has invested in 11,917,002 Equity Shares of Mail Today Newspapers Private Limited (Wholly Owned Subsidiary) of Rs. 10/- each aggregating to Rs. 119,170,020(representing 8.33% of the increased paid-up share capital of Mail Today Newspapers Private Limited) on June 23, 2017.
Consequent upon the aforesaid investment, the Company along with its Wholly owned Subsidiary Company, India Today Online Private Limited holds 143,004,018 Equity Shares of Mail Today Newspapers Private Limited of Rs. 10/- each (representing 100% of the paid-up share capital of Mail Today Newspapers Private Limited).
Further, in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Point no. 1 of Para A of Part A of Schedule III and SEBI Circular dated September 9, 2015, the details of the above mentioned transaction are enclosed herewith as Annexure I.
|
|
|