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Sun TV board okays merger of Udaya TV and Gemini TV with itself

28-November-2006
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Sun TV board okays merger of Udaya TV and Gemini TV with itself

The Board of Directors of Sun TV Ltd has approved amalgamation of Udaya TV and Gemini TV with Sun TV Ltd, except the FM radio division of Udaya TV Pvt Ltd. The Board of Directors have appointed Enam Financial Consultants Pvt Ltd and DSP Merrill Lynch Ltd as advisors and authorised the management of the company to carry out the necessary formalities, including the appointment of an independent chartered accountant, as valuer and other intermediaries.

According to the company’s website, Sun has seven channels in Telugu under Gemini TV brand name – Gemini TV, Teja TV, Tejanews, Aditya TV, Gemini News, Gemini Music and GCV. It has six channels in Kannada language – Udaya TV, UsheTV, UdayaNews, Udaya 2, Udaya Movies and Udaya Varthegalu.

Meanwhile, the Sun Network has flagged off its second phase of FM radio stations under the brand name 93.5 SFM. The Sun Group had won license for a total of 45 FM stations. The group already runs four FM stations under the brand names Suryan FM and Visakha FM.

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