Network 18 Media & Investments Ltd has informed BSE that the Shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on June 03, 2011, inter alia, have approved to the following resolutions with requisite majority :
1. Issue of 18,691,585 10% Secured Optionally Fully Convertible Debentures ("SOFCDs") on Preferential basis to Promoter / Promoter Group in accordance with Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended ("SEBI (ICDR) Regulations").
Sensex
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Friday, June 03, 2011
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