| 03-Jun-11 |
| Network 18 Media & Investments Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 06, 2011, inter alia, considered and approved the following:
1. Issue of securities on Preferential basis to one or more entities belonging to the Promoter Group subject to the approval of shareholders in accordance with Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.
2. To convene an Extra-ordinary General Meeting of the Shareholders of the Company on June 03, 2011.
Network 18 Media & Investments Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on June 03, 2011.
(As Per BSE Announcement Dated on 12.05.2011)
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').
(As Per BSE Annoncement Website Dated on 03/06/2011) |
| 22-Dec-10 |
| Network 18 Media & Investments Ltd has informed BSE that by an Order dated November 19, 2010, the Hon'ble High Court of Delhi at New Delhi has directed to convene and hold a meeting of the preference shareholders of the Second Transferee Company, on December 22, 2010 at 11:30 a.m. for the purpose of considering and, if thought fit, approving, with or without modification(s), the proposed Scheme of Arrangement between Television Eighteen India Limited, Web18 Software Services Limited, IBN18 Media & Software Limited, iNews.com Limited, Television Eighteen Commoditiescontrol.com Limited, RVT Investments Private Limited, network18 India Holdings Private Limited, ibn18 Broadcast Limited and Network18 Media & Investments Limited and their respective
shareholders and creditors.
Network 18 Media & Investments Ltd has informed BSE that by an Order dated November 19, 2010, the Hon'ble High Court of Delhi at New Delhi has directed to convene and hold a meeting of the preference shareholders of the Applicant Company, on December 22, 2010, at 2:00 p.m. for the purpose of considering and, if thought fit, approving, with or without modification(s), the proposed Scheme of Arrangement between Infomedia 18 Limited
and Network18 Media & Investments Limited and their respective shareholders and creditors.c
Network 18 Media & Investments Ltd has informed BSE that pursuant to the directions of the Hon'ble High Court of Delhi, a meeting of the Equity Shareholders and holders of Non Convertible Cumulative Preference Shares (Preference Shareholders) of Network 18 Media & Investments Ltd. was convened and held on December 21, 2010 and December 22, 2010 respectively for considering and approving the Scheme of Arrangement ('Scheme') between Television Eighteen India Ltd, Web18 Software Services Ltd, IBN18 Media & Software Ltd, iNews.com Ltd, Television Eighteen Commoditiescontrol.com Ltd, RVT Investments Pvt. Ltd, Network18 India Holdings Pvt. Ltd, Care Websites Pvt. Ltd, ibn18 Broadcast Ltd and Network18 Media & Investments Ltd and their respective shareholders and creditors.
Further the Company has informed that, at the said meetings the above Scheme has been approved by the equity and preference shareholders of the Company.
The Company will now proceed to seek approval of the Hon'ble High Court of Delhi to the Scheme of Arrangement.
(As Per BSE Announcement Dated on 30.12.2010)
18 Media & Investments Ltd has informed BSE that pursuant to the directions of the Hon'ble High Court of Delhi, a meeting of the Equity Shareholders and holders of Non Convertible Cumulative Preference Shares (Preference Shareholders) of Network18 Media S Investments Limited was convened and held on December 21, 2010 and December 22, 2010 respectively for considering and approving the Scheme of Arrangement ('Scheme') between Infomedia 18 Limited and Network18 Media & Investments Limited and their respective shareholders and creditors.
Further the Company has informed that, at the said meetings the above Scheme has been approved by the equity and preference shareholders of the Company.
The Company will now proceed to seek approval of the Hon'ble High Court of Delhi to the Scheme of Arrangement.
(As Per BSE Announcement Dated on 31.12.2010) |
| 21-Dec-10 |
| Network 18 Media & Investments Ltd has informed BSE that an Order made on November 19, 2010, the Hon'ble High Court of Delhi at New Delhi has directed to convene and hold a meeting of the equity shareholders of the Second Transferee Company, on December 21, 2010 at (2.00 p.m.) for the purpose of considering and, if thought fit, approving, with or without modification(s), the proposed Scheme of Arrangement between Television Eighteen India Limited, Web18 Software Services Limited, IBN18 Media & Software Limited, iNews.com Limited, Television Eighteen Commoditiescontrol.com Limited, RVT Investments Private Limited, Network18 India Holdings Private Limited, Care Websites Private Limited, ibn18 Broadcast Limited and Network18 Media & Investments Limited and their respective shareholders and creditors.
Network 18 Media & Investments Ltd has informed BSE that by an Order dated November 19, 2010, the Hon'ble High Court of Delhi at New Delhi has directed to convene and hold a meeting of the equity shareholders of the Applicant Company, on December 21, 2010, (3:30 p.m.), for the purpose of considering and, if thought fit, approving, with or without modification(s), the proposed Scheme of Arrangement between Infomedia 18 Limited
and Network18 Media & Investments Limited and their respective shareholders and creditors. |
| 02-Jul-09 |
| Network 18 Media & Investments Ltd has informed BSE regarding a Press Release titled 'NOtworkl8 Media & Investments Limited announces cash raise; will potentially have access to cash pool in excess of Rs 600 cr'
Press Release :
'The Board of Network 18 Media and investments Ltd (Network 18) today approved a preferential allotment of up to 92,02,650 Equity Shares to SAIF Partners at a price of Rs 130 per share and announced the convening of an EGM on July 02, 2009 to obtain shareholders' approval for this allotment. BMR Advisors is acting as the financial advisor to Network 18 for this fund raise. Access Financial Services acted as the consulting partner.
The Board had earlier approved a Qualified institutional Placement of up to 2.5 cr equity shares to Qualified Institutional Buyers for which, it has now setup a committee to manage various aspects of the QIP issue, including the opening / closing of the QIP issue, pricing etc.
The promoter, Mr Raghav Bahl, had recently infused about Rs 250 cr into the company earlier this year. Network 18 will now potentially have access to a cash pool in excess of Rs 600 cr, thus providing a platform to continue to build sustainable value in the strong businesses that Network 18 owns.'
Network 18 Media & Investments Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 03, 2009, inter alia, has considered and approved the following:
1. Issue of up to 92,02,650 equity shares (or an equity linked convertible instrument) at a price of Rs 130 per equity share on a preferential basis to SAIF Partners.
2. To convene an Extraordinary General Meeting of the Shareholders of the Company on July 02, 2009 to approve the preferential issue.
Network 18 Media & Investments Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on July 02, 2009, inter alia, to create, offer, issue and allot up to 92,02,650 (Ninety Two Lacs Two Thousand Six Hundred and Fifty) equity shares or compulsorily convertible preference shares / compulsorily convertible debentures / warrants / any other similar instruments ('Convertible instruments') which are convertible up to 92,02,650 (Ninety Two Lacs Two Thousand Six Hundred and Fifty) equity shares, on a preferential basis to SAIF III Mauritius Company Ltd ('SAIF'), an investor unrelated to the promoters, in one or more tranches at a price of Rs 130 (Rupees One Hundred and Thirty only) per equity share (including premium of Rs 125 per equity share) ('Issue Price'), subject to necessary provisions & approvals.
(As Per BSE Announcement Website dated on 10.06.2009)
Network 18 Media & Investments Ltd has informed BSE that the Shareholders at the Extra-ordinary General Meeting (EGM) of the Company held on July 02 2009, inter alia, have accorded the Board to create, offer, issue and allot up to 92,02,650 (Ninety Two Lacs Two Thousand Six Hundred and Fifty) equity shares or compulsorily convertible preference shares / compulsorily convertible debentures / warrants / any other similar instruments ('Convertible instruments') which are convertible up to 92,02,650 (Ninety Two Lacs Two Thousand Six Hundred and Fifty) equity shares, on a preferential basis to SAIF III Mauritius Company Ltd ('SAIF'), an investor unrelated to the promoters, in one or more tranches at a price of Rs 130 (Rupees One Hundred and Thirty only) per equity share (including premium of Rs 125 per equity share) ('Issue Price'), subject to necessary provisions & approvals.
(As Per BSE Announcement Website dated on 02.07.2009) |
| 31-Mar-09 |
| Network 18 Media & Investments Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 02, 2009, inter alia, has considered and approved the following:
To convene an Extra-ordinary General Meeting of the Shareholders of the Company on March 31, 2009.
Network 18 Media & Investments Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 31, 2009, have approved the following resolutions:
1. Issue of 18,181,818 Secured Optional Fully Convertible Debentures (SOFCDs) at a price of Rs 110/- per SOFCD on a preferential basis, to RB Holdings Pvt Ltd, a company wholly held by Raghav Bahl and Ritu Kapur, promoters of the Company, and which is a part of the Promoter Group of the Company.
2. Issue of up to 25,000,000 (Two Crore Fifty Lac) equity shares or other convertible instruments of the Company via one or a combination of measures, including a preferential allotment, QIP, FCCBs, ADRs, GDRs or any other equity related instruments.
3. Increase in the Foreign Investment limit in the Company up to 49%, which will come into effect subject to complying with applicable, regulatory processes.
4. Re-organisation of the Authorised Capital of the Company by converting 15 Lac Preference Shares of Rs 200/- each aggregating to Rs 30 Crores into 6 Crore equity shares of Rs 5/- each aggregating to Rs 30 Crores.
(As Per BSE Announcement Dated on 31/03/2009) |