According to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements), Regulations, 2015, and as per the Resolution Plan approved by Hon’ble National Company Law Tribunal, Mumbai Bench under the Insolvency & Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, Sri Adhikari Brothers Television Network has informed that the Reinstated Board of Directors of the Company in their meeting held today 23rd February 2024, has considered and approved the following: 1. Allotment of 40,00,000 Equity Shares and 1,10,00,000 Convertible Warrants of the face value of Rs 10 each to Ruani Media Service (Special Purpose Vehicle (SPV) of Resolution Applicants). 2. Allotment of 10,00,000 Equity Shares and 60,00,000 Convertible Warrants of the face value of Rs 10 each to Sera Investments & Finance India [(Non-Banking Financial Company (NBFC)]. 3. Allotment of 10,00,000 Equity Shares and 60,00,000 Convertible Warrants of the face value of Rs 10 each to Leading Leasing Finance & Investment Company [Non-Banking Financial Company (NBFC)]. 4. Any other business transactions. Disclosure as required in terms of SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, is enclosed in Annexure A. The Meeting commenced at 01:30 pm and concluded at 1:50 pm.
Company Name | CMP |
---|---|
PVR | 1377.20 |
Saregama India | 438.50 |
Eros Internatl.Media | 22.23 |
Shemaroo Entertain. | 163.30 |
Balaji Telefilms | 82.68 |
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