Television Eighteen - Outcome Of Board Meeting

Television Eighteen India Ltd has informed that the Board of Directors of the Company at its meeting held on September 07, 2007, has considered and approved the allotment of 50,00,000 (Fifty Lakhs Convertible Warrants, within 18 months) at a price of Rs 796/- per Convertible Warrant as per SEBI Guidelines, to Network18 India Holding Pvt Ltd, a 100% subsidiary of Network 18 Fincap Ltd, on preferential basis, subject to necessary approval of the shareholders of the Company.