TV Today Network Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 26, 2007, inter alia, has approved the merger of Radio Today Broadcasting Ltd (RTBL), a fellow subsidiary company, with the Company w.e.f. April 01, 2007 subject to the approval of the High Court and other regulatory approvals as may be required. The Board further approved the swap ratio of 5:9 i.e. for every 9 shares of RTBL, 5 shares of the Company will be issued to the shareholders of the RTBL. This will result in fresh issue of 55,20,000 equity shares of Rs 5/- each of the Company to the shareholders of RTBL. TV Today Network Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has considered and approved the proposal for demerger of Radio Broadcasting Business of Radio Today Broadcasting Ltd (RTBL) and vesting thereof into T.V. Today Network Ltd ('the Company') in terms of Scheme of Arrangement under Section 391-394 of the Companies Act, 1956, subject to the approval of the High Court and other Regulatory Authorities as may be required. The Board further approved the swap ratio of 1:6 i.e. for every 6 shares of RTBL, 1 share of the Company will be issued to the shareholders of RTBL. RTBL and the Company are group Companies. This will result in marginal increase of approximately 1% in the Promoters holding in the Company. (As Per BSE Announcement Dated on 30.07.2009) Tv Today Network Limited has informed the Exchange that pursuant to an order dated October 15, 2009 in the T.V. Today Network Limited Company aplication(M) No. 150 of 2009, the Hon'ble High Court of Delhi at New Delhi has directed that a meeting of the equity shareholders and the unsecured creditors of the Transferee Company (Applicant Company) to be held on November 21, 2009, for the purpose of considering and if thought fit, approving, with or without modification(s), the arrangement embodied in the Composite Scheme of Arrangement between Radio Today Broadcasting Limited ('RTBL' or 'Transferor Company') and T.V. Today Network Limited ('TVTN' or 'Transferee Company' or 'Applicant Company'). (As per NSE Bulletin Dated on 04.11.2009)