Approval of Mumbai High Court awaited
Jagran Prakashan announced that the Hon'ble High Court of Judicature at Allahabad has considered and approved the amalgamation of Crystal Sound & Music (Crystal or Transferor Company I) and Spectrum Broadcast Holdings, earlier known as IVFH Holdings (Spectrum or Transferor Company 2) with Jagran Prakashan (JPL or Amalgamated Company), and the demerger of Radio Business Undertaking of Shri Puran Multimedia (SPML or Demerged Company) into Music Broadcast (MBL or Resulting Company). The Scheme is pending for approval from High Court of Judicature at Mumbai and other requisite approvals.The Scheme shall be effective from the date of filing of certified / authenticated copies of Orders of the High Courts with the Registrar of Companies Uttar Pradesh and Registrar of Companies at Mumbai, as applicable.
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