ITV

Tag: Anil Srivastava

  • In2cable offers broadband at Rs 450 a year for 250 mb

    In2cable offers broadband at Rs 450 a year for 250 mb

    MUMBAI: In2cable India Ltd, a wholly owned subsidiary of Hinduja TMT, has slashed cable Internet rates as it plans to increase subscribers in a highly competitive market.

    Subscribers can pay as low as Rs 200 a quarter or Rs 450 annually. The catch, though, is that the download limit is 250 mb. The speed has been increased to 256 kbps. Earlier, In2cable was charging Rs 250 per month for a download limit of 200 mb on a speed of 128 kbps. “We want to tap entry level users through this scheme. We are offering transparent a pay-per-use system,” says In2cable (India) general manager, sales and marketing, Anil Srivastava.  

    In2cable has also introduced an entirely new scheme for its LAN (local area network) services which are branded as In2net. For these residential users, In2cable has priced 256 kbps services at Rs 800 per month. Subscribers will, however, have a 200 mb download limit per day. If they cross this limit, the number of days will be reduced according to the usage consumed. “This is a totally new scheme we have introduced. It will stop subscribers from abusing bandwidth,” says Srivastava.

     

  • TV18 India completes rights issue allotment

    TV18 India completes rights issue allotment

    MUMBAI: Television Eighteen India has completed the allotment for the issue of 895,546 zero coupon secured partly convertible debentures (ZCSPCDs) of Rs 150 each for cash at par on a rights basis to the existing equity shareholders of the company. 

    The allotment has been done in the ratio of one ZCSPCD for every 13 equity shares held on record date aggregating Rs 134.33 million.

    According to company secretary Anil Srivastava, the rights issue, which opened on 26 December 2002 and closed on 24 January 2003, received 4559 valid applications resulting in 1.42 times over subscription. There were 4171 valid applications from shareholders and 388 valid applications from renouncees. 

    The basis of allotment was finalised in consultation with Delhi Stock Exchange Association on 14 February 2003. The despatch of certificates, allotment advice, refund orders, unused and cancelled stock invests has been completed by 18 February 2003. Demat credit has been given by the despositories to the respective beneficiary account by 19 February 2003.

    The listing applications have been filed with the various stock exchanges in India. The scrip opened today at Rs 60.8 on the BSE and Rs 61.35 on the NSE.