Television Eighteen approves allotment of 1 Crore Warrants

Television Eighteen India Ltd has announced that the Board of Directors of the Company at its meeting held on January 09, 2008, has considered and approved the allotment of 1,00,00,000 (One Crore) Convertible Warrants to be converted into one crore Equity Share at the time of exercise of conversion of warrants as per SEBI Guidelines, to Network18 India Holdings Pvt Ltd, a 100% subsidiary of Network 18 Media and Investments Ltd. (formerly known as Network 18 Fincap Ltd) on preferential basis, subject to necessary approval of the shareholders of the Company.

Source : Equity Bulls

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