43.95 -0.30 (-0.68%)
NSE Jun 17, 2021 15:31 PM
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TV18 Broadcast Ltd.    
20 Apr 2021
43.95
-0.68%
TV18 Broadcast Ltd - 532800 - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
BSE India
This has reference to the Scheme approved by the Board of Directors on February 17, 2020. The shareholders are aware that the Scheme was filed with both BSE Limited ('BSE') and National Stock Exchange of India Limited ('NSE') for their no-objection letter. The Company had also disclosed in its quarterly financial results for the quarters ended June 30, 2020 and September 30, 2020, that the stock exchanges had returned the Scheme stating that the Company may apply to the stock exchanges once the Scheme is in compliance with SEBI circulars / SEBI Regulations. This pertained to the compliance by Den Networks Limited and Hathway Cable and Datacom Limited of the Minimum Public Shareholding requirement. Considering that more than a year has passed from the time the Board considered the Scheme, the Board of the Company has decided not to proceed with the arrangement envisaged in the Scheme.
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