At meeting held on 03 August 2018
The Board of Hinduja Ventures at its Meeting held on 03 August 2018 accorded its approval to subscribe (a) 4,48,00,602 equity shares of Rs. 10/- each of IndusInd Media & Communication ('IMCL'), subsidiary of the Company, offered to the Company on rights basis in the proportion of 5 new equity share for every 11 equity shares held (5:11) at a price of Rs. 100/- per share (including premium of Rs. 90/- per share) and (b) such number of equity shares of IMCL which may be renounced in favour of the Company by the existing members of IMCL and such number of Equity shares not taken up or specifically renounced by the Shareholders of IMCL and may be made available to the Company under the relevant provisions of the Issue.Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app