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Network 18 Media & Investments approves scheme of arrangement

02 Jun 2012 Evaluate
Network 18 Media & Investments has informed that the scheme of arrangement between Info media18 with Network18 Media & Investments and their respective shareholders and creditors has been approved by the Honorable High Court of Delhi vide its orders dated May 22, 2012. The Scheme has been made effective on June 1, 2012.

Further the network18 will be issued and allotted to the shareholders of Infomedia18 as on the record date, 14 equity share of Rs. 5 each of Network18 for every 100 equity shares of Rs. 10 each of infomedia18. Shareholders of Infomedia18 shall continue to hold their original shareholding in Info media18.

The above information is part of company’s filing submitted to the BSE.

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