Madhuveer Com 18 Network Ltd: Authorised Share Capital Increase to Rs. 36 Crores and Preferential Allotment of 1 Crore Equity Shares

Madhuveer Com 18 Network Ltd has announced an increase in its authorized share capital from Rs. 25 crores to 36 crores, and a consequent amendment in Clause V of its Memorandum of Association. The company also plans to offer, issue, and allot up to 1 crore equity shares by way of preferential allotment, with 55 lakh shares for promoter and promoter group category and 45 lakh shares for the public category. The preferential issue price is set at Rs. 40 per equity share, including a premium of Rs. 30 per equity share, amounting to Rs. 40 crores. This proposal is subject to the approval of the members of the company at the ensuing General Meeting and applicable regulatory/statutory authorities.