New Delhi Television Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 01, 2011, inter alia, has approved the following;
Accorded approval to the Scheme of Amalgamation for the amalgamation of NDTV One Holdings Ltd., an overseas subsidiary with the Company.
Accordingly for this purpose authorized the Reorganization Committee of the Board of Directors of the Company to make changes/ amendments, if any required in the Scheme of Amalgamation and finalize the same, make applications, petitions etc to Stock exchanges, High court and other regulatory authorities to obtain their No objection/ consent to the same and take all steps necessary to give effect to the aforesaid amalgamation.
With reference to the earlier announcement with respect to the Scheme of Amalgamation ('Scheme') for merger of NDTV One Holdings Limited, Mauritius, with New Delhi Television Ltd,
New Delhi Television Ltd has now informed BSE that the certified copy of the final order of the Hon'ble High Court of Delhi, approving the Scheme, have been filed by the Company with Registrar of Companies, NCT of Delhi and Haryana, on November 02, 2012. Accordingly, the Scheme of Amalgamation shall be effective from November 02, 2012 ('Effective Date'). The Appointed Date for the Scheme of Amalgamation is January 01, 2012.
Pursuant to the Scheme of Amalgamation taking effect, the Company has completed the process of merger of NDTV One Holdings Limited with New Delhi Television Limited w.e.f. November 02, 2012.
(As per BSE Announcement Dated on 02.11.2012)
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