Radaan Mediaworks India informs about outcome of board meeting

01 Dec 2018

Furtherance to letter dated 24th November 2018 and in pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Radaan Mediaworks India has informed that the Board of Directors at their meeting held on Friday, 30th November 2018, has subject to approval of the shareholders at an extra-ordinary general meeting, considered and approved the issue of 1,75,00,000 equity shares of Rs 2 face value on preferential basis to JBCG Advisory Services at a price of Rs 2 per share aggregating to Rs 3.5 crore; and increase in Authorized Share Capital to facilitate the above mentioned approved preferential issue.

The above information is a part of company’s filings submitted to BSE.

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