At meeting held on 17 February 2020The Board of Hathway Cable & Datacom at its meeting held on 17 February 2020 has approved the Composite Scheme of Amalgamation and Arrangement between the Company, Den Networks (Den), TV18 Broadcast (TV18), Network18 Media & Investments (Network18), Media18 Distribution Services (Media18), Web18 Digital Services (Web18) and Digital18 Media (Digital18) (Scheme).
The Scheme inter alia provides for amalgamation of the Company, Den and TV18 into Network18 (Amalgamation) and transfer of the cable, broadband and digital businesses in 3 (three) separate wholly owned subsidiaries of Network18, namely Media18, Web18 and Digital18, respectively (Business Transfers).
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.