Top Story

e4m_logo.png

Home >> International >> Article

FIPB approves issue of fresh equity shares by Broadcast Worldwide to Mauritius firm

21-August-2001
Font Size   16
Share
FIPB approves issue of fresh equity shares by Broadcast Worldwide to Mauritius firm

The Foreign Investment Promotion Board (FIPB) has approved the proposal of Broadcast Worldwide, to issue fresh equity shares totalling Rs 3.6 crores to the Mauritius-based Crombie International.

The Rs 10 shares will be placed with Crombie International at a premium of Rs 40, and will account for about 3.5 per cent of the paid-up equity capital.

At present, Rathikant Basu, chairman of Broadcast Worldwide and his associates, including Rupert Murdoch's Star group, hold 40 per cent, Sterling Infotech another 40 per cent and financial institutions hold the remaining 20 per cent in the closely-held media company.

Broadcast Worldwide is also exploring uplinking activities from within the country, to turn the company around.

Broadcast Worldwide is currently uplinking from Thaicom-3, operated by the Thailand-based company. Once the approval comes through, Broadcast Worldwide will be looking at setting up one central earth station in Delhi.

Tags

Karthik Raman, Chief Marketing Officer, IDBI Federal Life Insurance, on the brand’s unconventional approach to marketing and priorities for the next year

Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Conceptualised and executed by WATConsult, the campaign focuses on how Lotus Make-up is an enabler for women from various walks of life

iProspect released the third annual 2018 Future Focus Whitepaper geared to examine how machines and technology will impact marketing and advertising in the year ahead

Mavcomm Consulting one of India’s leading Public Relations, Reputation Management& Brand Communications company today announced elevation of Pranjal Dutta to the role of CEO