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TV18 to raise Rs 500 mn, appraises BSE of roadmap

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TV18 to raise Rs 500 mn, appraises BSE of roadmap

TV Eighteen India Ltd (TV18) has decided to raise up to Rs 500 million for funding its expansion. It plans to raise this amount through rights issue, preferential issue, private placement of equity, preference shares and/ or debt. This was announced by the company in a statement to the Bombay Stock Exchange (BSE) today after its Board of Directors meeting.

The company also announced that the Board had approved alteration of bylaws of the company to enhance the authorised preference share capital and introduced new Employees Stock Option Plan & Employee Stock Purchase Plan.

The decision to consider and approve the same will be taken at the company’s 11th annual general meeting on June 25 this year.


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The announcement regarding this was made on Twitter by Sukumar Ranganathan, Editor-in-Chief, Hindustan Times, and Shekhar Gupta, Founder, The Print

The website promises to bring fast, reliable, insight-rich analysis in times when the readers are flooded with ‘breaking news’, and great conversations among an elite community of opinion leaders

The network has based its claim on Broadcast Audience Research Council (BARC) all India data (U+R) from April 2017 to March 2017 (full year average)