Outcome of board meeting of New Delhi Television

Held on 28 July 2017

New Delhi Television announced that the Board of Directors of the Company at its meeting held on 28 July 2017 has approved infusion of funds in Fifth Gear Ventures, a material subsidiary of the Company by Autobyte. Upon closing of this transaction, the shareholding of NDTV group in FGVL will be diluted pursuant to which the control and management of FGVL will stand transferred from the NDTV group to Autobyte and FGVL will cease to be a subsidiary of the company.

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