Top Story


Home >> Media – Print >> Article

Deccan Chronicle plans overseas float

Font Size   16
Deccan Chronicle plans overseas float

Deccan Chronicle Holdings plans to raise funds from overseas market. P K Iyer, executive director, Deccan Chronicle Holdings, told Business Standard:

“The government policy now allows us to explore various possibilities of raising funds. We will place before the board on June 22 a proposal to float either a foreign currency convertible bond (FCCB) issue or an equity placement or even roping in a strategic partner.”

According to Iyer, though the company is not short of funds, the government’s policy on foreign investment has given the management a larger universe to explore new opportunities.

The stock of Deccan Chronicle gained 15.73 per cent to close at Rs 214.1 on Bombay Stock Exchange.

Another media group, Mid Day Multimedia, however, does not have any plan to raise money abroad.

Manajit Ghoshal, chief financial officer, Mid Day Multimedia, said that this would give oppurtunity to FIIs to invest more in media stocks. Ghoshal stated that the company would look at suitable investment opportunities.

The company said it would defintely consider printing some of the foreign newspapers if approached but would not print a fascimilie edition of an eveninger.

TV 18 said that it was not looking at any strategic foreign partner at this point as the company already had one.


Our typical marketing budget is usually 10 per cent of the topline spend

There are some forces impacting the way our business works. The IT/ITeS sector has changed tremendously. Platforms like Twitter have made everyone journalists. Smartphones have made everyone a photographer. The trend that we are seeing is one of hyperdigitalization, which is causing the lines between product and services to blur. For example, <a href=

The OOH sector is among the fastest growing, globally. Brands and marketers have realized its potential and impact and begun to craft medium-specific adverts. Self-regulation is not only necessary but also essential to growth of the sector. The industry needs to exercise a certain level of this self-restraint to prove its commitment to maintaining the best standards in advertising.

<b>Clients are looking for experiential solutions beyond radio or print: Abraham Thomas, Radio City 91.1 FM</b><br><br> From entering new markets to launching large format events, Radio City 91.1FM has been on a roll. The radio channel recently announced the launch of India’s biggest singing talent hunt-Radio City Super Singer Season 8. Earlier this year, the channel set up its own creative-cum...

Apart from the mandate for the first project which is the Ashiana Town in Bhiwadi, Tomorrow and InterTwined will deliver brand solutions across film, print, radio, outdoor and activation besides provi...

Despite advertising picking up after a slow Q1, regional FM players still feel that the lingering effect of GST, RERA, demonetisation will still make its impact felt during the upcoming festive quarte...

The Head of Marketing at Bigbasket is a student for life and genuinely cares for customers and loves data. Here are some key learnings that have gotten Iyer this far in her professional journey