Top Story

e4m_logo.png

Home >> Media - TV >> Article

Sahara One sells 15 per cent stake to C Sivasankaran

12-April-2006
Font Size   16
Share
Sahara One sells 15 per cent stake to C Sivasankaran

Sahara One Media & Entertainment Ltd has sold 14.98 per cent equity shares to C Sivasankaran, promoter of Aircel. This is the second recent stake sale by Sahara after February 2006, when it sold 6 per cent stake to Bennett Coleman and Company Ltd (BCCL).

The company informed the BSE that the Board of Directors at a meeting held on April 10, 2006 had approved the proposal, subject to the final approval of shareholders. Sahara will issue 3,225,000 equity shares of Rs 10 each at Rs 372 per share to Aircel Televentures Ltd on preferential basis.

The Board of Sahara One has also approved the calling of an extraordinary general meeting of the company on May 8, 2006 to accord the consent of shareholders to issue equity shares to Aircel on a preferential basis.

The stake sell to BCCL had put the company’s valuation at around Rs 629 crore.

Sahara recently launched its movie channel, Filmy, and has declared the launch of a music channel soon.

Sivasankaran has made an exit from his telecom company Aircel by selling it to Malaysian telecom operator Maxis. His Sahara venture is seen as part of his plans to be a bigger player in the media and entertainment industry.

Tags

Speaking with exchange4media, Rishi Darda, Joint Managing Director and Editorial, Lokmat Media Group shared his vision for regional publications and the impact of IRS 2017 on the print industry.

Nisha Narayan, COO & Director, RED FM & Redtro and CEO, Digital Radio (Mumbai) Broadcasting Ltd, shares her insights on how radio is a powerful medium in terms of advertising and what can be done to take it to the next level

The popular channel from the Viacom18 ‘s umbrella MTV Indies, which aired music by independent artistes, was replaced by MTV Beats, a 24x7 Hindi music channel in 2016

Bhasin on the checks and balances of new IRS, methodology with new companies like Vedsur on board, interpreting the data and why it’s not fair to compare with previous data

The popular channel from the Viacom18 ‘s umbrella MTV Indies, which aired music by independent artistes, was replaced by MTV Beats, a 24x7 Hindi music channel in 2016

Backed by four properties including the first test match between South Africa and India of Freedom Cup, Sony Ten 1 continued to lead Top 5 channels in 2018’s second week (January 6-12)

Vijay Shekhar Sharma stated that this is the right time to create an Indian model which would be the envy of the world