Top Story


Home >> Media - TV >> Article

TV18 to raise $50 mn overseas

Font Size   16
TV18 to raise $50 mn overseas

Media company TV 18 today decided to raise $50 million (approximately Rs 225 crore) from the international market.

The TV 18 board decided to place an enabling resolution seeking shareholders’ approval at a general meeting shortly. Haresh Chawla, CEO, confirmed the development.

Chawla said the mode of raising the funds had not been discussed and that it might be through the issue of debt instruments or equity-backed instruments or even a mix of the two.

He said the proposed funds were for the company’s future expansion plans. The group currently runs two channels in India — the English CNBC-TV 18 and the Hindi consumer channel Aawaz.

The company is also providing content to South Asia World, a channel catering to the Indian diaspora. The third quarter results of the company were positive with revenue increasing 24 per cent to Rs 24.60 crore.

During this quarter it also acquired the Commodity Information Service from the Mumbai based Agri Informatics India.

A company release also specified that the current ventures required no external funding and were doing extremely well.


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

Brand experts say that following a fair tale wedding that broke the internet, #Virushka’s brand power is poised to get a massive push with more advertisers leveraging their collective fame and power

New “Fox” to include Fox News, Fox Business, Fox Sports, Fox Broadcasting Company, Fox Television Stations Group, FS1 and FS2, Fox Deportes and Big Ten Network. Remaining 21st Century Fox businesses t...

As 2017 almost comes to a close, Ashish Bhasin of DAN crystal gazes at who will win and who will lose in 2018