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Outcome of board meeting of Next Mediaworks

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Capital Market

Held on 09 September 2014

Next Mediaworks announced that the Board of Directors of the Company at its meeting held on 09 September 2014, have allotted 38,00,000 (Thirty Eight Lacs) and 27,00,000 (Twenty Seven Lacs) Equity Shares of Rs. 10/- (Rupees Ten Only) each of the Company to Ferari Investment and Trading Company Private and Meridian Holding and Leasing Company respectively at par, by way of preferential allotment, in pursuance of the Special Resolution passed by the Shareholders at the Annual General Meeting held on 08 August 2014, provisions of Section 42 and 62 and all other applicable provisions, if any, of the Companies Act, 2013, Rule 14 of Companies (Prospectus and Allotment of Securities) Rules, 2014 and SEBI (ICDR) Regulations, 2009.

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First Published: Sep 12 2014 | 5:45 PM IST

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