Top Story


Home >> Media - TV >> Article

SAB TV in advance stage of roping strategic ally

Font Size   16
SAB TV in advance stage of roping strategic ally

Sri Adhikari Brothers Television Network (SAB TV) is in advanced stages of talks to rope in a strategic investor.

As a precursor to this, the company's board has decided to increase its authorised capital by 50 per cent, from 10 million equity shares having face value of Rs 10 each to 15 million equity shares. The board has also cleared the issue of 26.2 lakh convertible warrants to the core promoters.

Consequently, the promoter's holding will increase from 44 per cent to 57 per cent after the conversion of warrants. This will essentially mean that the promoters are pumping in additional Rs 40-45 crore into the company.

The move has also gone down pretty well in the market, as the increase in authorised capital will enable the company to get a strategic partner by issue of additional capital or off-loading part of the stake by the existing promoters.

Source: Business Standard


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