‘Material related party transactions’ between the company (HMVL) and HT Digital Streams Limited has also been approved
The company will also come out with a new plan for reorganising its diverse businesses under a single listed entity, said HT Media Group CFO during the Q4 earnings calls
Bhartia will continue on the Board of Hindustan Media Ventures Limited as Non-executive Director, liable to retire by rotation
The fresh funding will come as a breather for the company which is slowly seeing a recovery in the business