TV18 Broadcast’s board of directors has approved the amalgamation of four of the Indian media network’s subsidiaries.

“The board of directors of TV18 at its meeting held on 14 January 2017, on the recommendation of the Audit Committee, approved the scheme of amalgamation of the direct or indirect wholly-owned subsidiaries of the company, namely Equator Trading Enterprises, Panorama Television, RVT Media and ibn18 (Mauritius), into TV18 Broadcast with appointed date as 1 April 2016, under the applicable provisions of the Companies Act, 2013,” the company said, in a Bombay Stock Exchange filing.
The completion of TV18 Broadcast’s amalgamation scheme is subject to necessary regulatory approvals.