HT Media Limited (HTML) has informed that the Committee of Board of Directors of the Company at its meeting held on May 27, 2009, has allotted 7,69,230 Equity Shares of Rs 2/- each of HTML to a Shareholder of HT Music and Entertainment Company Limited (HTME), pursuant to the Scheme of Arrangement and Restructuring under Section 391-394 of the Companies Act, 1956 between HT Music and Entertainment Company Limited (HTME) and HTML and their respective Shareholders and Creditors (the Scheme), sanctioned by Honble High Court of Delhi on March 19, 2009.
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