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Hindustan Media
BSE: 533217NSE: HMVLISIN: INE871K01015

11th-Nov-2019 09:43Source: BSE

Hindustan Media Ventures - Corporate Action-Updates on Amalgamation/ Merger / Demerger

Sanction of Scheme of Arrangement u/s 230 to 232 of the Companies Act, 2013 between Hindustan Media Ventures Limited ("Resulting Company") and India Education Services Private Limited ("Demerged Company") and their respective shareholders.

This is in furtherance of our letter dated 16th October, 2017 informing the stock exchanges that the Board of Directors of the Company had approved a Scheme of Arrangement u/s 230 to 232 of the Companies Act, 2013 between the Company (HMVL) and India Education Services Private Limited (IESPL) and their respective shareholders ["Scheme"]. This was followed by another intimation vide our letter dated 9th March, 2019, on the outcome of
meeting of Equity Shareholders and Unsecured Creditors of HMVL approving the Scheme.

We have to now inform the stock exchanges updates on the scheme as given under attached file.

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