Business Daily from THE HINDU group of publications
Thursday, Oct 04, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Oct 04, 2007 ePaper |
|
|
|
|
|
|
|
Corporate
-
Restructuring G V Films to be split into 3 cos Our Bureau Chennai, Oct. 3 The Web casting and film screening divisions of G V Films are to be spun off into separate companies. G V Films will remain in the business of production and distribution of films and teleserials. This was announced to the stock exchanges today. The assets and liabilities of the entertainment infrastructure division (exhibition) will be transferred to the new entity ‘G V Studio City Ltd’ and that of the Web casting division will be transferred to the new entity ‘G V New Media Technologies Ltd’. The production, distribution and teleserial business shall remain with the parent company, i.e. G V Films. As per the modified scheme, the paid up capital of G V Films after the demerger will be reduced to Rs 34.82 crore divided into 3.48 crore equity shares of Rs 10 each by cancellation of 3l.33 crore equity shares of Rs 10 each, a company notification to the stock exchanges said. The scheme of demerger proposes the following: Issue of one fully paid up equity share of Re 1 each of G V Studio City and one fully paid up equity share of Re 1 each of G V New Media Technologies for every three fully paid up equity shares of Rs 10 each held in G V Films. More Stories on : Restructuring | Entertainment & Leisure
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|