Sambhaav Media Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 28, 2008, inter alia, have accorded the Board to created, issue, offer and allot, on private placement and / or preferential basis in one or more trenches, on such terms and conditions and in such manner as may be deemed fit by the Board, 1,32,82,800 Equity Shares of Re 1/- Each at a premium of Rs 9/- per share to M/s. Shyam Equities Pvt Ltd, Bangalore.
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