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NDTV’s arm to enter into e-commerce business

08 Feb 2013 Evaluate

New Delhi Television’s (NDTV) subsidiary - NDTV Worldwide has received an approval to enter into e-commerce business. The board at its meeting held on February 07, 2013 has approved for the same.

Also, as part of the restructuring exercise of NDTV group companies the board has approved setting up of new subsidiary. The board has also proposed to consolidate NDTV convergence and NDTV Labs, an indirect subsidiary of the company into this new subsidiary through a scheme of amalgamation under companies Act 1956.

The board has therefore authorized the reorganization committee to take all steps necessary to facilitate implementation of the aforesaid restructuring plan and accord consent to such plan/scheme for and on behalf of NDTV (in the capacity of shareholders/creditor) as and when sought by the subsidiary companies.

NDTV operates as a television media company in India and internationally. Its channels offer news and current affairs, lifestyle, entertainment, and youth programs, as well as family and realty shows, chat shows, and period dramas.

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