Media Video warrant holders, secured creditors & equity shareholders to approve Scheme of Arrangement

Media Video Ltd has announced that pursuant to the Order made by the Hon'ble High Court of Delhi at New Delhi, separate meeting of the Warrant Holders, Secured Creditors and Equity Shareholders of the Company will be held on June 18, 2007, for the purpose of considering and, and if thought fit, approving, with or without modification(s), the proposed Scheme of Arrangement between the Company & MVL Infrastructure Ltd & Smart Buildwell Pvt Ltd, Amigo Auto Pvt Ltd, Dendrobium Property Developers Pvt Ltd, Par Realters Pvt Ltd, Media Publicity India Pvt Ltd, Anukool Realters Pvt Ltd and their respective shareholders and creditors.

In this statement the Company is hereinafter referred to as the Demerged Company, MVL Infrastructure Ltd (MVL) is hereinafter referred to as the Resulting Company, and Smart Buildwell Pvt Ltd (SBW), Amigo Auto Pvt Ltd (AAPL), Dendrobium Property Developers Pvt Ltd (DPDPL), Par Realters Pvt Ltd (PRPL), Media Publicity India Pvt Ltd (MPIPL) and Anukool Realters Pvt Ltd (ARPL) are hereinafter referred to as Transferor Companies.

The stock closed the day at Rs.47.10, down by Rs.1.80 or 3.68%. The total traded quantity was 73982 compared to 2 week average of 194107. The stock hit an intraday high of Rs.50 and low of Rs.46.50.

Source : Equity Bulls

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