HC approves merger of HTMT Telecom with Hinduja Ventures

Amalgamation of HTPL into HVL to consolidate and strengthen the position of the merged entity

PTI | April 26, 2011



Hinduja group company Hinduja Ventures today said the Bombay High Court has allowed the merger of HTMT Telecom Pvt Ltd with the company.

The High Court approved the scheme of amalgamation of HTMT Telecom with the company in its verdict dated April 15, Hinduja Ventures said in a filing with the Bombay Stock Exchange.

HVL, the holding company of one of India's largest integrated media companies, currently operates in three major business segments namely media and communications, real estate and treasury.

While the media is the principal business segment of the company which is operated through its subsidiaries, the real estate business relates to a property at Bangalore.

HTMT Telecom was incorporated in 2007 with an aim to establish and operate telecommunication infrastructure consisting cellular mobile telephone services and broadband value added services and to provide telephonic services.

This scheme envisages amalgamation of HTPL into HVL, resulting in consolidation of the business in one entity and strengthening the position of the merged entity, by enabling it to harness and optimise the synergies of the two firms.

Shares of HVL closed at Rs 273.60, marginally up from the previous close on the BSE.
 

Comments

 

Other News

How Rafi, Raj Kapoor helped pave the way for a great uranium deal

There`s a certain moment in diplomacy that`s too personal to be captured in a communiqué, too small to make the front page, but more revealing than the front page. This week, prime minister Narendra Modi reached Tashkent and, amid the pomp of state visits, managed to evoke the old Bollywood tunes

Distinguishing Fish 1 and Fish 2: The pragmatism behind India’s WTO ratification

 India became the 123rd WTO member to ratify the multilateral Agreement on Fisheries subsidies (AoFS) when it deposited the Instrument of Acceptance for Phase 1 on July 20, 2026. The ratification is restricted to disciplining Illegal, Unreported and Unregulated fishing (IUU), protection for overfished

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter