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| Exchange Received Time 14/06/2018 15:38:22 Exchange Disseminated Time 14/06/2018 15:38:28 Time Taken 00:00:06 | This is to inform you that the Investment Committee of the Board of Directors of the Company at its meeting held today i.e. on June 14, 2018, has approved the sale of entire stake of the Company in its non-material subsidiary company, namely Siti Bhatia Network Entertainment Pvt. Limited. The Company holds 10,409 equity shares (i.e.51%) in the equity share capital of Siti Bhatia Network Entertainment Pvt. Limited.
Requisite details of the proposed transactions, as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements, 2015 and SEBI Circular no.CIR/CFD/CMD/4/2015 dated September 9, 2015, are enclosed herewith as Annexure - I
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