Existing shareholders of TV 18, holding 10 shares with a face value of Rs 10 each, would now be alloted 12 shares with a face value of Rs 5 each of Network 18 and 14 shares of Rs 5 each of TV18.According to a release issued by TV18 to the BSE today, KPMG India provided the valuation guidance for the scheme of restructuring, and BMR & Associates acted as transaction and financial advisors."The group will now approach the stock exchanges for mandatory clearances, and then apply to the Delhi High Court for sanction of the scheme," the release added.Post-sanction of the high court, the revised structure would leave TV18 with a share capital of Rs 26.21 crore split into 52.41 million shares of Rs 5 each, and Network 18 with a share capital of Rs 25 crore split into 50 million shares with a face value of Rs 5 each."Post implementation of the restructuring, Network 18 will approach the markets with a public offering to raise money for further growth as well as facilitate efficient price discovery," the release added."The detailed scheme envisages consolidation of the business news operations (including Awaaz and 'CNBC-TV18') in TV18. Network 18 India Holdings (Network 18 - the proposed name of the listed holding company) would hold majority stakes in TV18 and CNN-IBN. TV18 would also hold a portfolio investment stake in CNN-IBN whose value could be realised at an opportune time," the release added.