HT Media has informed that the Board of Directors of the Company at its meeting held on June 6, 2018 (which commenced at 11. 00 A.M and concluded at 12 Noon) has approved the proposal to invest an amount up to Rs 400 Crore in one or more tranches, in its wholly-owned subsidiary company namely, HT Music and Entertainment Company Limited to fund expansion/ growth opportunities in its FM Radio business vertical.
The above information is a part of company’s filings submitted to BSE.