As part of the restructuring exercise of NDTV group companies, the board has approved setting up of new subsidiary. The board has also proposed to consolidate NDTV Convergence and NDTV Labs, an indirect subsidiary of the company into this new subsidiary through a scheme of amalgamation under section 391-394 of the Companies Act 1956.

The board has therefore authorized the reorganization committee to take all steps necessary to facilitate implementation of the aforesaid restructuring plan and accord consent to such plan/scheme for and on behalf of NDTV (in the capacity of shareholders/creditor) as and when sought by the subsidiary companies.