Top Story


Home >> Media - TV >> Article

TV18 to invest Rs 250 crore, eyes acquisitions on TV front

Font Size   16
TV18 to invest Rs 250 crore, eyes acquisitions on TV front

The Board of Directors of the Television Eighteen India Ltd has approved in principle investments to the tune of Rs 250 crore in new ventures and potential acquisitions.

“The majority of these projects are intended to be in the television, Internet and ‘triple convergence’ areas. It is planned that while some of these investments will create greenfield projects, others are likely to result in acquisitions of operating companies. A significant amount of this investment shall be raised by the sale of strategic stakes in some of these downstream subsidiary companies to globally reputed investors,” the company said in a statement.

The Board also authorised the management to seek shareholders approval for raising Rs 300 crore in equity funds over a period of time.

“At present, the management is seeking only an enabling approval from its shareholders. The management does not expect to issue any immediate equity under this approval,” the company further stated.

Without revealing specific details, Haresh Chawla, CEO, TV18, said, “We have very aggressive plans and we will make significant investments in the coming days.”


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

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

The campaign film features PV Sindhu, Saina Nehwal, Kidambi Srikanth and Indian badminton mavericks, HS Prannoy, Ashwini Ponappa, Sai Praneeth, and Ajay Jayaram

We list a few important stories that you may have missed in the week gone by