News Announcement

NXTDigital: Announcement under Regulation 30 (LODR)-Scheme of Arrangement

This is in furtherance to our intimation dated August 27 2019 as submitted with the stock exchanges w.r.t. to approval of Board of Directors of the Company towards the Scheme of Arrangement between IndusInd Media and Communications Limited ( IMCL or Demerged Company) and NXTDIGITAL LIMITED (formerly known as Hinduja Ventures Limited) (NXTDIGITAL or Resulting Company) and their respective shareholders pursuant to Sections 230 to 232 read with other applicable provisions of the Companies Act 2013. We would like to inform your good office that pursuant to SEBI Circular CFD/DlL3/CIR/2017/21 dated March 10 2017 (as amended from time to time) we are enclosing herewith the Abridged Prospectus (Copy attached and marked as Annexure I) of IMCL duly certified by Saffron Capital Advisors Private Limited vide certificate dated February 13 2020 (Copy of the certificate by Merchant Banker is attached and marked as Annexure II)approved by the Board of Directors of IMCL

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