Ibn18 Broadcast Limited has informed the Exchange that pursuant to the directions of the Hon'ble High Court of Delhi, a meeting of the Equity Shareholders of IBN18 Broadcast Ltd. was convened and held on December 21, 2010 for considering and approving the Scheme of Arrangement ('Scheme') between Television Eighteen India Ltd, Web18 Software Services Ltd, IBN18 Media & Software Ltd, iNews.com Ltd, Television Eighteen Commoditiescontrol.com Ltd, RVT Investments Pvt. Ltd, Network18 India Holdings Pvt. Ltd, Care Websites Pvt. Ltd, ibn18 Broadcast Ltd and Network18 Media & Investments Ltd and their respective shareholders and creditors. Further the Company has informed that, at the said meeting the above Scheme has been approved by the equity shareholders of the Company. The Company will now proceed to seek approval of the Hon'ble High Court of Delhi to the Scheme of Arrangement.