Delhi High Court approves Scheme of Arrangement of Media Video

Media Video Ltd has announced that the Company has received the approval of the Hon'ble High Court of Delhi sanctioning the Scheme of Arrangement under section 391-394 of the Companies Act, 1956 which includes:

1. De-merger of Real Estate division of the Company into MVL Infrastructure Ltd.

2. Merger of Smart Buildwell Pvt Ltd into MVL Infrastructure Ltd.

3. Merger of 5 closely held Companies namely, Amigo Auto Pvt Ltd, PAR Relaters Pvt Ltd, Anukool Realters Pvt Ltd, Dendrobium Property Developer Pvt Ltd and Media Publicity India Pvt Ltd into MVL Infrastructure Ltd.

Source : Equity Bulls

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