Media Video gets court`s nod for scheme of arrangement
Media Video gets court`s nod for scheme of arrangement Media Video received the Delhi High Court`s approval for its scheme of arrangement which includes de-merger of the real estate division of the company into MVL Infrastructure. >The court gave it`s approval to merge Media Video`s (Q, N,C,F)* five closely held companies namely, Amigo Auto, PAR Relaters, Anukool Realters, Dendrobium Property Developer. and Media Publicity India into the new de-merged company MVL Infrastructure. Further, the court also approved the merger of Smart Buildwell into MVL Infrastruc ture.
Shares of the company were last trading up Rs 8.65, or 17.01%, at Rs 54.05. The total volume of shares traded at BSE 370,922 (10.54 a.m ,Tuesday ).
