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| Exchange Disseminated Time 13/05/2016 18:48:40 | | Next Mediaworks Ltd has informed BSE that the Board of Directors of Next Radio Limited (“NRL”) (the Company’s subsidiary) has, at its meeting held on May 13, 2016, approved allotment of 25,000,000 (Two Crores Fifty Lacs) equity shares of Rs. 10/- (Rupees Ten Only) each fully paid aggregating to Rs. 25 Crores (Rupees Twenty Five Crores Only) to Mr. Rakesh Jhunjhunwala upon conversion option exercised by Mr. Jhunjhunwala in respect of 25,000,000, 0.001% Cumulative Compulsorily Convertible Preference Shares held by him in NRL. |
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