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Board of Network issues 49148498 Equity Shares under scheme of reduction of capital

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At meeting held on 14 June 2017

Network announced that the board of directors of the company at its meeting held on 14 June 2017, has issued 49148498 Equity of Rs. 2/- each, fully paid, in lieu of 49148498 Equity of Rs. 10/- each, in terms of Scheme of Reduction of the Share Capital of the company reducing the paid up value of each Equity Share of the company from Rs. 10 per share to Rs. 2 per share, duly approved National Company Law Tribunal, New Delhi.

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