Jun 10, 2011

Important Info: TV18 Fixed Deposit Holders

This to inform you that Consequent to the receipt of the High Court order, the Scheme of Arrangement for the demerger of the Broadcasting business into ibn18 and merger of the residual business into Network 18 is now effective.  As per the Scheme the Fixed Deposits in the books of TV18 will move to ibn18 and Network18. 

Accordingly, all repayments, renewals of the existing deposits will happen from either of the two companies.  Furthermore, TV!8 will no longer be accepting any further deposit as the Company ceases to exist after the effective date.

We thank you once again for your continuous, sustained and valuable support and look forward to the same kind of support in future.
 

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