Catvision Ltd Approves Issue Of 100,000 Non-Cumulative Redeemable Preference Shares; Signs Joint Venture Agreement With UNITRON GROUP NV
Catvision Ltd announced that the Board of Directors of the Company at its meeting held on February 14, 2013, has approved the issue of 100,000 Non-Cumulative Redeemable Preference Shares of INR100 each by way of preferential allotment on private placement basis. The Company also announced a Joint Venture Agreement signed by the Company with UNITRON GROUP NV, a Belgium Company to set up a joint venture Company in India to develop AV Encoders for cable television industry.
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