Media Video updates on scheme of arrangement

Media Video Ltd has announced that Petition under section 391 and 394 of the Companies Act, 1956 for sanctioning the Scheme of Arrangement between the Company (Demerged Company), MVL Infrastructure Ltd (Resulting / Transferee Company), Smart Buildwell Pvt Ltd (Transferor Company), Amlog Auto Pvt Ltd (Transferor Company No 1), Dendroblum Property Developers Pvt Ltd (Transferor Company No 2), Par Realters Pvt Ltd (Transferor Company No 3), Media Publicity India Pvt Ltd (Transferor Company No 4)& Anukool Realters Pvt Ltd (Transferor Company No 5) was presented on July 02, 2007 and listed on July 09, 2007 and the said petition is fixed for hearing before the Company Judge on August 29, 2007.

The Stock closed the day at Rs.41.30, up by Rs.0.10 or 0.24%. The stock hit an intraday high of Rs.42.50 and low of Rs.41.10. The total traded quantity was 10953 compared to 2 week average of 33035.

Source : Equity Bulls

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