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| Exchange Disseminated Time 04/10/2016 16:41:34 | Jagran Prakashan Ltd has informed BSE that the Hon'ble High Court of Judicature at Allahabad has considered and approved the amalgamation of Crystal Sound & Music Private Limited (“Crystal” or “Transferor Company I”) and Spectrum Broadcast Holdings Private Limited, earlier known as IVFH Holdings Private Limited (“Spectrum” or “Transferor Company 2”) with Jagran Prakashan Limited (“JPL” or“ Amalgamated Company), and the demerger of Radio Business Undertaking of Shri Puran Multimedia Limited (“SPML” or “Demerged Company”) into Music Broadcast Limited (“MBL” or “Resulting Company”). The Scheme is pending for approval from High Court of Judicature at Mumbai and other requisite approvals.
The Scheme shall be effective from the date of filing of certified / authenticated copies of Orders of the High Courts with the Registrar of Companies Uttar Pradesh and Registrar of Companies at Mumbai, as applicable. |
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