HINDUSTAN MEDIA VENTURES LTD. - 533217 - Announcement under Regulation 30 (LODR)-Acquisition
This is to inform that the Board of Directors of the Company at its meeting held on 1st November, 2019, had approved to invest upto Rs.16 Crore, in two equal tranches of upto Rs. 8 Crore each, in equity shares and/or convertible equity linked instrument of Sanjeevani Dairy Farms Private Limited ("Sanjeevani"). Accordingly, the Company had invested in the equity shares and Optionally Convertible Preference Shares ("OCCPS") of Sanjeevani. On 25th July, 2022, as per the terms of the agreement, the Company has asked Sanjeevani to convert the aforesaid OCCPS into equity shares and consequent upon such conversion, the holding of the Company in Sanjeevani shall be in excess of 5% of its total shareholding. In view of the above, disclosures as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular dated 9th September, 2015 are enclosed herewith. This is for your information and record.26-07-2022