GECs
UTV in sale agreement with Media Footing
MUMBAI: UTV Software Communications Ltd has entered into a share sale agreement with Media Footing SDN BHD for sale of the entire shareholding held by the company in UTV International (Holdings) Ltd, BVI.
UTV international (Holdings) Ltd, BVI will, thus, cease to be a subsidiary of the company.
Consequently, Antah UTV Multimedia & Communications SDN BHD, which is a 70 per cent subsidiary of UTV International (Holdings) Ltd, BVI will also cease to be a subsidiary of the company.
