Top Story


Home >> Media – Print >> Article

Deccan Chronicle plans foreign float

Font Size   16
Deccan Chronicle plans foreign float

Deccan Chronicle Holdings has informed the Bombay Stock Exchange that in its forthcoming board meeting on July 27, 2005, it will discuss the offer of up to 9 per cent of its share capital for raising funds through foreign currency convertible bonds (FCCBs), private placement, American depository receipts (ADRs) or global depository receipts (GRDs) subject to a 5-year conversion period.

P K Iyer, executive director, Deccan Chronicle Holdings had stated then that the government’s policy on foreign investment has given the management a larger universe to explore new opportunities.

On June 17, the ministry of information and broadcasting had issued a notification where foreign funds, overseas corporate bodies, non-resident Indians and persons of Indian origin would be allowed to invest in Indian newspaper companies.

Besides, the printing of foreign editions of international publications in India has also been allowed and media houses will be permitted foreign institutional investors.


Chitresh Sinha, CEO, Chlorophyll Innovation Lab and Vivek Singh, Joint MD, Procam International speak exclusively with exchange4media on the upcoming #BeBetter Campaign for the TATA Mumbai Marathon

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Software and Technology, Consulting, Healthcare seem to be increasingly using Webinars to engage with their clients and employees

Latestly focuses on all latest and breaking events across the globe, providing information on trend related stories across genres

As part of this re-imagined approach Star India will broadcast live matches in six different languages with an aim to target 700 million viewers across TV and Digital.

Rahul Johri, CEO, Board of Control for Cricket in India (BCCI), spoke about the upcoming season of IPL and with Star India’s re-imagine approach, he made assured that this year will be a kickass seas...