TV Today Network invests Rs 9.4 crore in Vibgyor Broadcasting
The filing stated that post allotment of shares, the shareholding of the Company in Vibgyor will continue to remain 100%
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Published: Mar 27, 2025 12:27 PM | 1 min read
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TV Today Network on Wednesday announced that it has invested Rs 9.4 crore in its wholly owned subsidiary, Vibgyor Broadcasting, through a rights issue. The investment involves 94,00,000 equity shares at Rs 10 each. The filing stated that post allotment of shares, the shareholding of the Company in Vibgyor will continue to remain the same i.e. 100%.
“The Board of Directors at their meeting held today i.e., March 26, 2025 has inter-alia, approved proposal for investment of Rs. 9.40 Crore (comprising of 94,00,000 Equity Shares at face value of Rs. 10/- each at par) in Vibgyor Broadcasting Pvt. Ltd., a wholly-owned subsidiary of the Company, by way of subscription towards Rights Issue”, the regulatory filing stated.
The company stated that the investment in the equity shares of Vibgyor, is for subscription towards Rights Issue. It further stated that the objective of the investment is to ensure that the wholly owned subsidiary has requisite net worth to meet the requirement of the Ministry of Information and Broadcasting, Government of India for being eligible to purchase the radio business from the company.
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