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Hinduja Ventures Ltd board to consider reorganizaiton of businesses on Aug 23, 2019

Posted On: 2019-08-16 16:22:06

The Board of Directors of Hinduja Ventures Limited at its meeting held on August 12, 2019 had accorded In-Principle approval for Reorganization of Media and Communications undertaking of IndusInd Media & Communications Limited (IMCL), a material subsidiary of Hinduja Ventures Limited into Hinduja Ventures Limited (HVL).

A Meeting of the Board of Directors of Hinduja Ventures Limited is scheduled to be held on Friday, August 23, 2019 to consider Reorganization of Media and Communications undertaking of IMCL a material subsidiary of HVL into HVL. On completion of reorganization HVL will transit from a holding company to an operating Media Company.

The 'trading window' for dealing in the securities of the Company will be closed for all the Designated Persons and their Immediate Relatives from Friday, August 16, 2019 till Tuesday, August 27, 2019.

Shares of HINDUJA VENTURES LTD. was last trading in BSE at Rs.313.9 as compared to the previous close of Rs. 305.5. The total number of shares traded during the day was 126 in over 15 trades.

The stock hit an intraday high of Rs. 313.9 and intraday low of 303.6. The net turnover during the day was Rs. 38948.


Source: Equity Bulls

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