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

Monsoon session of parliament adjourns sine die

The Monsoon Session, 2026 of Parliament which commenced on July 20 was adjourned sine die on Thursday. The session provided 19 sittings spread over a period of 25 days.   During the session 11 Bills were introduced in Lok Sabha and 2 Bills were introduced in Rajya Sabha. 12 B

Consumer Justice at a Crossroads

Over the past four decades, India`s consumer protection landscape has undergone a remarkable transformation. What began with the Consumer Protection Act, 1986 as a simple mechanism to empower ordinary citizens has evolved into a comprehensive framework capable of addressing challenges ranging from mislea

Doctors, experts call for ban on junk food ads, mandate warning labels

More than 30 doctors, medical scientists and public health professionals have urged the government to take decisive action against the aggressive advertising and marketing of junk food, calling for a watershed ban on advertisements for foods high in fat, sugar and salt (HFSS) and ultra-processed foods (UPF

Asiatic Lion population rises from 523 in 2015 to 891 in 2025

On World Lion Day 2026, environment, forest and climate change Minister  Bhupender Yadav celebrated India’s remarkable journey in lion conservation and reaffirmed the country’s unwavering commitment to protecting wildlife and biodiversity.   In a post on soc

Railways imposed ₹5.13 crore fine for food quality and hygiene violations

Indian Railways serve about 58 crore meals every year on an average. About only 0.0008% food quality related complaints are received on average. Based on complaints during the last three years, appropriate penal actions have been taken by IRCTC. Such actions include imposition of fines amounting to ₹5.13

STHAVAR: Why every Indian built asset needs a permanent digital identity

India has built digital systems for identity, payments, taxation, documents, logistics and public services. State governments, ministries, infrastructure agencies and urban local bodies have also created portals for land records, building permissions, project monitoring, property taxation and municipal s

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter