MUMBAI: Pentamedia Graphics, which has been in the news since 2001 for a merger here and a de-merger there, is having a board meeting tomorrow to work out the acquisition of Intelivision Ltd.
Intelivison, which was started with a seed capital of Rs 30 lakhs by Pentamedia had been de-merged in 2001 after Pentamedia diluted its stake in Intelivison to less than 30 per cent.
Now, the board is getting together to fine-tune the issue and allotment of 15,300,000 equity shares by stock swap method to merge back Intelivison with the erstwhile parent company Pentamedia. The members have already approved the stock swap at the AGM held on 22 August 2003.