HT Media Board approves Stock Split

HT Media Ltd has announced that the Board of Directors of the Company at its meeting held on October 19, 2006, inter alia, has approved the following:

1. Sub-division of the Equity Shares of the Company of face value of Rs 10/- each into face value of Rs 2/- each, subject to necessary approvals; and

2. Demerger of the content creation for websites and syndication division ("Demerged Undertaking") of Go4i.com (India) Pvt Ltd into the Company, subject to necessary approvals.

Source : Equity Bulls

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