At meeting held on 24 June 2014
Sri Adhikari Brothers Television Network announced that the Board of Directors of the Company at its meeting held on 24 June 2014, inter alia, allotted 5,57,000 Equity Shares of Rs 10 each for cash at an issue price of Rs 75.10 (including premium of Rs 65.10) per share upon conversion of 5,57,000 warrants issued on preferential basis in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, upon receipt of balance 75% consideration of the issue price.After this allotment, the paid up share capital of the Company is increased to Rs 34.94 crore divided into 3,49,44,500 equity shares of Rs 10 each.
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