Delhi HC approves scheme of arrangement; TV18 reacts

Delhi High Court (HC) has approved scheme of arrangement between TV18, IBN18 and Network18, reports CNBC-TV18.

Television Eighteen (TV 18) touched an intraday high of Rs 83.50 and an intraday low of Rs 80.65. At 11:06 hrs the share was quoting at Rs 81.70, down Rs 1.80, or 2.16%.
 
It was trading with volumes of 15,810 shares. In the previous trading session, the share closed down 1.59% or Rs 1.35 at Rs 83.50. Network 18 Media & Investments touched an intraday high of Rs 162.90 and an intraday low of Rs 159.10. At 11:06 hrs the share was quoting at Rs 159.10, down Rs 1.20, or 0.75%.
 
It was trading with volumes of 90 shares. In the previous trading session, the share closed down 0.34% or Rs 0.55 at Rs 160.30. (Note: Web18, which owns Moneycontrol.com and Indiaearnings.com, belongs to the Network 18 Group).