Jagran Prakashan has informed that the Board of Directors of the Company at its meeting held on October 09, 2015 has approved composite Scheme of Arrangement for the amalgamation of Crystal Sound & Music Private Limited (‘Crystal’ or ‘Transferor Company 1’) 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 Puran Multimedia Limited (‘SPML’ or ‘Demerged Company’) into Music Broadcast Limited (‘MBL’ or ‘Resulting Company’). The Scheme of Arrangement is subject to the approval of shareholders, creditors and other regulatory authorities.
The above information is a part of company’s filings submitted to BSE.
