|
| Exchange Disseminated Time | Next Mediaworks Ltd has informed BSE that subject to approval of the shareholders, the Board of Directors of the Company at its meeting held on February 15, 2013 have accorded their consent for the following,
1. To offer, issue and allot upto 60,00,000 equity shares of the Company having a face value of Rs. 10 each at a price of Rs. 10/- each on preferential basis to the following promoters companies on account of conversion of part of unsecured loan upto Rs. 6 crores extended by the promoter companies. The details are given below;
- Ferari Investment & Trading Co. Pvt. Ltd - upto 30,00,000 Equity shares at a face value of Rs. 10/- each at a price of Rs. 10/ each aggregating upto Rs. 3 crores.
- Meridian Holding and Leasing Co. Pvt. Ltd.- upto 30,00,000 Equity shares at a face value of Rs. 10/- each at a price of Rs. 10/- each aggregating upto Rs. 3 crores.
2. To call Extra-Ordinary General Meeting on March 15, 2013 to obtain shareholders approval for the said Preferential issue. |
|
|