Network 18 Media & Investments Ltd has informed BSE about Outcome of Board Meeting held on January 14, 2017 , on the recommendation of the Audit Committee, approved the Scheme of Amalgamation of the following direct or indirect wholly owned subsidiaries of the Company namely: (1) Colosceum Media Private Limitedinto Network18 Media & Investments Limited with appointed date as April 01, 2016, under the applicable provisions of the Companies Act, 2013. The said Scheme of Amalgamation is subject to receipt of further approvals of the Central Government and / or National Company Law Tribunal and / or Stock Exchanges and/or Securities and Exchange Board of India and/or Shareholders and/or Lenders/ Creditors and/or such other competent authority(ies), as may be required under the extant applicable provisions of the law.