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| Exchange Received Time 18/07/2018 13:44:03 Exchange Disseminated Time 18/07/2018 13:44:07 Time Taken 00:00:04 | | The Board of Directors of Next Mediaworks Limited ('the Company') in its meeting held on 18th July, 2018 have considered and accorded 'in principle' approval to consolidate the radio businesses of Next Radio Limited ('NRL') (except for the radio station located at Ahmedabad), a subsidiary of the Company, HT Media Limited ('HTML') (except for radio stations at Hyderabad and Uttar Pradesh) and HT Music & Entertainment Company Limited, a wholly-owned subsidiary of HTML ('HTMEL') in the Company to be implemented by way of a composite scheme of arrangement and amalgamation pursuant to Sections 230-232 and other applicable provisions of the Companies Act 2013. |
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