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.


Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

Luis Fonsi, Rita Ora, Jain of Makeba fame , Dimitri Vegas, Jason Derulo, Charly Black and Dasu, J Balvin, Parineeti Chopra, Tiger & Jackie Shroff speak exclusively to the radio channel

The Film-Maker, as the host of ‘Calling Karan’, Will Be Just A Phone Call Away From Listeners Seeking Advice On Love & Relationship

The group aims to double its FMCG turnover to Rs. 1,000 crore over four years.