At meeting held on 10 March 2016
Sri Adhikari Brothers Television Network announced that the Board of Directors of the Company at its meeting held on 10 March 2016, inter alia, has approved the following:Issuance and Allotment of 2,381,068 fully paid-up Redeemable Preference Shares of the face value of Rs. 10/- each of the Company to the shareholders of Sri Adhikari Brothers Assets Holding on proportionate basis pursuant to Clause 16.1 of Part III of the Composite Scheme of Amalgamation and Arrangement between Maiboli Broadcasting and Sri Adhikari Brothers Assets Holding and Sri Adhikari Brothers Television Network and UBJ Broadcasting and HHP Broadcasting Services and MPCR Broadcasting Service and TV Vision and SAB Events & Governance Now Media and their respective shareholders ('the Scheme').
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