PVP Ventures Limited (BSE:517556) agreed to acquire additional 50.45% stake in Picturehouse Media Limited (BSE:532355) for INR 16.1 million on February 22, 2019. Under the terms, the consideration includes for every 29 equity shares of Picturehouse Media, 5 equity share of PVP Ventures will be allotted. The transaction shall be subject to the approval of the shareholders, creditors, SEBI, RBI, the stock exchanges, where equity shares are listed, the Income Tax Authorities, The National Court Law Tribunal, and / or other competent statutory/ regulatory Authorities as may be required under applicable laws. The transaction is approved by Board of Directors of Picturehouse Media Limited and PVP Ventures Limited in a meeting held on February 22, 2019.

PVP Ventures Limited (BSE:517556) cancelled the acquisition of an additional 50.45% stake in Picturehouse Media Limited (BSE:532355) on February 22, 2020.