At meeting held on 14 January 2017
The Board of Directors of Network 18 Media & Investments at its meeting held on 14 January 2017, on the recommendation of the Audit Committee, approved the Scheme of Amalgamation of the following direct or indirect wholly owned subsidiaries of the Company, namely: 1) Colosceum Media, 2) Digital18 Media, 3) Capital18, 4) RVT Finhold, 5)RRK Finhold, 6) RRB Investments, 7) Setpro18 Distribution, 8) Reed Infomedia India, 9) Web18 Software Services, 10) Television Eighteen Media and Investments, 11) Television Eighteen Mauritius, 12) Web18 Holdings, 13) E-18 and 14) Network18 Holdings, into TV18 Broadcast with appointed date as 01 April 2016, under the applicable provisions of the Companies Act, 2013.The said Scheme of Amalgamation is subject to receipt of further approvals of the Central Government and / or National Company Law Tribunal and / or Stock Exchanges and/or Securities and Exchange Board of India and/or Shareholders and/or Lenders and/or Creditors and/or such other competent authority(ies), as may be required under the extant applicable provisions of the law.
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