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Next Mediaworks Ltd M&A Activity 2018
62137_rns_2018-12-20_bcbbe3a5-e32a-4afe-8686-f07187eed19f.pdf
M&A Activity
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20'" December, 2018
National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, C-1, Block G. Bandra Kurla 25th Floor, P J Towers, Dalal Street Complex Bandra, East, Mumbai - Mumbai- 400051 Security Code: 532416 Symbol: NEXTMEDIA
400001
Dear Sir(s)/Madam,
Sub: Outcome of Board Meeting
Ref.: Intimation of Board meetianiled with Stock Exchanqe on 13th December, 2018
With reference to the subject matter, we would like to state that the Company had filed the scheme of Arrangement and Amalgamation amongst the HT Media Limited and Next Radio Limited and HT Music and Entertainment Company Limited and Next Mediaworks Limited and their respective shareholders and creditors with the National Stock Exchange of India Ltd and BSE Limited on 20th August, 2018 for 'in-principle'approval under Regulation 37 of SEBI (LODR) Regulations, 2015.
The Board of Directors of the Company at their meeting held today Le. 20"1 December, 2018, inter alia, reviewed the developments/progress made in the aforesaid scheme.
The Board took note of the response received by the Company from stock exchanges in relation to the aforesaid scheme.
Keeping in view the interest of all stakeholders, the Board, after due deliberations, decided to withdraw the Scheme with immediate effect.
Kindly take the above on record and acknowledge the receipt of the same.
Thanking You,
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