Delhi HC approves NDTV amalgamation

MUMBAI: Delhi-based New Delhi Television Ltd. (NDTV) has informed the Bombay Stock Exchange (BSE) that the Delhi High Court has approved a scheme of amalgamation between NDTV World Ltd. and the company.     

The court order, delivered on 5 August, has been filed with Registrar of Companies (RoC), National Capital Territory of Delhi and Haryana.

The BSE notice said that upon filing of the order with the Roc, NDTV World Ltd., a wholly-owned subsidiary of the NDTV Ltd., stands dissolved without being wound up.

As per information available with indiantelevision.com, NDTV World had been floated over a year back with an eye to launch an infotainment channel, which never came about. Subsequently, the Prannoy Roy and family-promoted company, NDTV Ltd., launched two news channels (NDTV 24×7 and NDTV India) and went public earlier this year.