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HT Media Ltd — Capital/Financing Update 2020
Nov 27, 2020
61512_rns_2020-11-27_381f39e0-d5a0-44ea-bf81-bec23d2c459b.pdf
Capital/Financing Update
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Ref: HTML/CS/02/2020
27[th] N ovember, 2020
BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, Block G, Dalal Street, Bandra Kurla Complex, MUMBAI - 400 001 Bandra (E) MUMBAI - 400 051
Scrip Code: 532662 Trading Symbol: HTMEDIA
Dear Sir(s)/Madam,
Sub: Revision in terms of acquisition of Mosaic Media Ventures Private Limited Ref: Our letter being ref. no. HTML/CS/02/2020 dated 28[th] July, 2020 and 27[th] November, 2020
In furtherance to our captioned letters in connection with acquisition of entir e share capital of ‘Mosaic Media Ventures Privat e Limited’ (Mosaic), we wish to inform you t h at the Board of Directors at its meeting held toda y i.e. 27[th] November, 2020, has revised the term s of acquisition of Mosaic, to the effect that the 100 % of paid-up share capital of Mosaic held by N WS Digital Asia PTE Limited and News Corpo r ation (“Sellers”) will now be acquired by t h e Company at a consideration of upto Rs. 6 Cror e , post working capital adjustment.
This is for your information and r e cord.
Thanking you,
Yours faithfully, For HT MEDIA LIMITED
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(Dinesh Mittal) Group General Counsel & Company Secretary