Brief: TV18 Broadcast To Amalgamate With Network18

TV18 Broadcast

06/12/2023 14:48

Dec 6 (Reuters) - TV18 Broadcast Ltd  TVEB.NS :
    * APPROVED AMALGAMATION OF E-EIGHTEEN.COM WITH NETWORK18
    * AMALGAMATION OF TV18 BROADCAST WITH NETWORK18
    * COMBINATION OF TV18, NETWORK18 WILL RESULT IN OPERATIONAL
SYNERGIES, COST OPTIMIZATION AND INCREASED REVENUE REALISATION
    * DEAL FOR 100 SHARES OF NETWORK18 FOR EVERY 172 SHARES OF
TV18
    * TV18 WILL BE DISSOLVED WITHOUT WINDING UP

Source text for Eikon:  ID:nBSE738k4n 
Further company coverage:  TVEB.NS 

 ((Reutersbriefs@thomsonreuters.com;))