At meeting held on 27 September 2016
Balaji Telefilms announced that the Board of Directors of the Company at its meeting held on 27 September 2016 has considered and approved a composite scheme of arrangement between the Company and its wholly owned subsidiaries viz. Balaji Motion Pictures and Bolt Media and their respective shareholders and creditors. The scheme envisages -The demerger of the film production undertaking Balaji Motion Pictures and vesting the same in the Company, and consequential reduction in the share capital of Balaji Motion Pictures.
The amalgamation of Bolt Media with the Company.
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