Breaking News

You are here » Indian-Commodity  :  Corporate  :  HT Media gets nod for composite scheme of arrangement

09-Aug2018

HT Media gets nod for composite scheme of arrangement

HT Media has received approval for composite scheme of arrangement and amalgamation amongst the company, Next Radio (NRL), Next Mediaworks (NMW) and HT Music & Entertainment Company (HTM) and their respective shareholders.

The arrangement includes the demerger of the FM radio business of the Company, except the FM radio business operated by the company in Hyderabad and Uttar Pradesh, on a going concern basis and subsequent transfer and vesting of the same to NMW. The Board of Directors of the company at their meeting held on August 8, 2018, approved the same.

HT Media is engaged in printing and publishing of newspapers. The company's segments include Printing & Publishing; Radio Broadcast & Entertainment, and Digital.


Related News

View all news

IOC to infuse Rs 1,200 crore in CNG distribution in Burdwan

Indian Oil Corporation (IOC) is planning to infuse Rs 1,200 crore over the next 6-7 years to create infrastructure of laying LPG pipeline and installing CNG stations in the two Burdwan districts of West......

IOC discovers seven geographical areas in Tamil Nadu: Report

Indian Oil Corporation (IOC) has reportedly discovered seven geographical areas (GAs) in ten districts of Tamil Nadu. The company will invest nearly Rs 2,100 crore in coming five years, in a bid to employ......

Jumbo Finance gets shareholders' nod to increase borrowing limits up to Rs 30 crore

Jumbo Finance has received an approval to increase Borrowing Limits of the company up-to Rs 30 crore. The shareholders of the company at their meeting held on November 19, 2018, approved the same.Jumbo......

Top News

View all news

Jumbo Finance gets shareholders' nod to increase borrowing limits up to Rs 30 crore

Jumbo Finance has received an approval to increase Borrowing Limits of the company up-to Rs 30 crore. The shareholders of the company at their meeting held on November 19, 2018, approved the same.Jumbo......

Alembic Pharma gets USFDA's nod for Vardenafil Hydrochloride Orally Disintegrating Tablets

Alembic Pharmaceuticals has received an approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Vardenafil Hydrochloride Orally Disintegrating Tablets,......

SRF expects total Rs 28 crore quantum of damage due to Cyclone GAJA

SRF is expecting a total Rs 28 crore quantum of damage caused, based on the initial assessment. The disruption of operations was due to Cyclone GAJA at the plant of Technical Textiles Business (Viralimalai)......