Sri Adhikari Brothers Television Network has informed that the Board of Directors of the Company at its meeting held on March 10, 2016, has approved the issuance and Allotment of 2,381,068 fully paid-up Redeemable Preference Shares of the face value of Rs 10 each of the Company to the shareholders of Sri Adhikari Brothers Assets Holding Private Limited on proportionate basis pursuant to Clause 16.1 of Part III of the Composite Scheme of Amalgamation and Arrangement between Maiboli Broadcasting Private Limited and Sri Adhikari Brothers Assets Holding Private Limited and Sri Adhikari Brothers Television Network and UBJ Broadcasting Private Limited and HHP Broadcasting Services Private Limited and MPCR Broadcasting Service Private Limited and TV Vision Limited and SAB Events & Governance Now Media Limited and their respective shareholders (‘the Scheme’).
The above information is a part of company’s filings submitted to BSE.
