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| Exchange Disseminated Time | HT Media Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 14, 2013, inter alia, have decided the following :
1. Accorded its in-principle approval to sell such no. of equity shares of Hindustan Media Ventures Limited (HMVL), subsidiary Company, by way if offer for sale of shares by promoter through the stock exchange mechanism, to enable HMVL to achieve minimum 25% public shareholding as stipulated under second provision to Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957.
Further the Company has also informed that the Board also took that 'M/s S. R. Batliboi & Co.' (the Statutory Auditors) has converted itself into a Limited Liability Partnership as 'S.R. Batliboi & Co. LLP' w.e.f. April 01, 2013. Their registration number with the Institute of Chartered Accounts of India (ICAI), remain same post conversion. |
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