ITV

Tag: BSE

  • TV 18 Q4 consolidated revenue up at Rs 803 million

    MUMBAI: TV 18 has posted a strong revenue growth in business news at Rs 718.89 million for the fourth quarter ended 31 March 2007, up 48 per cent year-on-year.

    Profit after tax and ESOP charge out stood at Rs 230.92 million, up from Rs 170.16 million a year ago. Net outflow on revenue share with CNBC for the quarter was at Rs 26.70 million.

    Revenue from internet and other operations was at Rs 84.90 million as against Rs 48.59 million a year ago. Net loss was at Rs 36.30 as against a net profit of Rs 20.02 million during this period. This is because Web 18 is in investment mode.

    TV 18’s consolidated revenue was at Rs 803.79 million, up from Rs 535.10 million.

    Says TV 18 managing director Raghav Bahl, “We are extremely happy with this quarter’s performance. Our channels are maintaining their pole position in the business news space and we continue to increase the width and depth of our offering via Newswire 18. Web 18 continues to show impressive revenue growth and has entered investment mode as we scale up our ambitions on the internet.”

    TV 18 scrip rose Rs 3.71 per cent on the BSE to end Monday’s trading at Rs 755.10.

  • HTMT gets Bombay High Court approval for demerger

    HTMT gets Bombay High Court approval for demerger

    MUMBAI: Hinduja TMT’s scheme of demerger (Scheme of Arrangement and Reconstruction) has got sanction from the Bombay High Court. The demerged IT/BPO business under a new company is expected to list in two months.

    “We expect the entire process to take two months. The fixing of the record date should take a month and then we have to get the approval from Securities and Exchange Board of India (Sebi) for listing,” says an executive of the company.

    HTMT is unifying its media subsidiaries under one umbrella while spinning off its IT/ITES business into a separate entity. HTMT Technologies Ltd will hold the IT/BPO business. The company proposes to change this name to HTMT Global Solutions.

    The residual HTMT with media and real estate has a net worth of Rs 5.77 billion and a cash balance of Rs 2.06 billion (as of 1 October 2006). The IT/BPO company has a net worth of Rs 4.97 billion and a cash balance of Rs 200 million.

    HTMT also informed BSE that the court sanctioned the “reduction of the issued, subscribed and paid up equity share capital of the company, effected by reducing the face value of the equity shares to 1 equity share of Rs 5 each (from 1 equity shares of Rs 10) and simultaneously, consolidating 2 such equity shares of Rs 5 each into 1 equity share of Rs 10 each.”

  • Television Eighteen declares 20 % interim dividend

    Television Eighteen declares 20 % interim dividend

    MUMBAI: Raghav Bahl’s Television Eighteen India Ltd has informed the BSE that its board has declared an interim dividend of 40 per cent or Rs 2 per equity share of Rs 5 each.
    Meanwhile, TV18 holding company Network 18 announced today that it has okayed the rights issue of partly convertible cumulative preferential shares (CCPS).
    Network 18 shareholders will get one CCPS of Rs 200 face value for every five shares held.

  • Swiss Finance Corporation holds 6 per cent in Pyramid Saimira

    Swiss Finance Corporation holds 6 per cent in Pyramid Saimira

    MUMBAI: Swiss Finance Corporation Mauritius Ltd. has taken its total holding in Chennai-based Pyramid Saimira Theatre to 5.99 per cent after buying 775,000 shares on 2 March.

    The purchase of 2.74 per cent equity in Pyramid Saimira Theatre was made through the open market. Swiss Finance Corporation had earlier held 919,315 shares, or 3.25 per cent, in Pyramid.

    The scrip fell five per cent on the BSE to end today’s trading at Rs 255.70.

  • Investment firm ups stake in ETC to 5.13%

    Investment firm ups stake in ETC to 5.13%

    MUMBAI: Investment firm Ruane, Cunniff & Goldfarb Inc has bought 20,000 shares, amounting to a 0.14 per cent stake in ETC Network Ltd, through a secondary market purchase, according to a BSE announcement.

    With this acquisition, Ruane, Cunniff & Goldfarb’s stake in ETC has gone up to 5.13 per cent (740,273 shares) from its earlier 4.99 per cent (720,273 shares).

    Ruane, Cunniff & Goldfarb is best known as the investment advisor and distributor of Sequoia Fund.

    ETC Networks Ltd. owns two channels – ETC Hindi and ETC Channel Punjabi. Zee Telefilms holds 54.42% shares in ETC Networks Ltd.

    The channel was launched in August 1999 as a 24-hour Indian Music Channel with the punch line “Aakhir Dil Hai Hindustani”. ETC was listed on the Bombay Stock Exchange in May 2000.
     

  • Reliance Capital buys 6 per cent in GBN via open market

    Reliance Capital buys 6 per cent in GBN via open market

    MUMBAI: Anil Ambani group company Reliance Capital has acquired 6.27 per cent stake in Global Broadcast News (GBN) through an open market transaction on the BSE.

    The purchase of 1.68 million shares in a bulk deal was made on 12 February. GBN, which operates English news channel CNN-IBN and Hindi news channel IBN7, was listed on the stock exchanges on 8 February.

    After a debut opening on the BSE at Rs 417.10, the scrip had closed at Rs 510.10 with over 13 million shares changing hands on the first day of trading.

    A day after Reliance Capital’s purchase, the scrip opened at Rs 495 and touched a high of Rs 526.70 before closing at Rs 508.65.

  • Broadcast Initiatives fixes IPO price band at Rs 100-120, issue opens on 9 February

    Broadcast Initiatives fixes IPO price band at Rs 100-120, issue opens on 9 February

    MUMBAI: Broadcast Initiatives Limited, which holds Hindi news and views channel Janmat, has set the price band of its initial public offering (IPO) between Rs 100 and Rs 120 per share. to raise funds in the range of Rs 855 to Rs 1,026 million for expansion.

    The company will be raising Rs 1.02 billion at the top end of the price band. The proceeds of the issue will be used for the purchase of land and construction of studio, purchase of production, post production and broadcasting equipments and prepayment of loans.

    The issue will open on 9 February and close on 14 February. The company is offering 8.55 million equity shares of Rs 10 each which includes employee reservation of 1,00,000 equity shares at a premium.

    The net issue to the public will constitute 44.27 per cent of the fully diluted post issue paid-up capital of the Company. The promoters will continue to own 55.73 per cent of the equity shares on a fully diluted basis.

    Allianz Securities Ltd. is the book running lead manager (BRLM). Allianz Securities Limited, Enam Securities Private Limited and Almondz Capital Markets Private Limited are the syndicate members to the issue. The shares are proposed to be listed on BSE and the NSE.

    Janmat was commercially launched on 30 April 2006. A wholly owned subsidiary of Broadcast Initiatives Ltd., Sri Adhikari Brothers Media Limited (SABML) is in the process of launching a Marathi language channel, Mi Marathi. SABML has entered into an exclusive ad sales representation agreement with NDTV Media Limited for the sale of airtime on Mi Marathi channel.

  • Network 18 lists on a strong note

    Network 18 lists on a strong note

    MUMBAI: Network 18, the holding company of the TV 18 Group, has opened its first day trading on a strong note that touched a high of Rs 394 on the BSE.

    The performance outstripped the market expectations, closing on Friday at Rs 366.75. Broking firm Sharekhan had predicted the listing would be in the Rs 320-355 region.

    TV18 Group has de-merged its business as part of its exercise to meet the guidelines for news channels uplinking from India. TV18 is already listed and ended today at Rs 623.35.

  • Zee demerger scheme for Dish TV gets nod

    Zee demerger scheme for Dish TV gets nod

    MUMBAI: Subhash Chandra is all set to list the direct-to-home (DTH) business of Zee Group after having got the demerger scheme approval from the court. Already listed are the other entities – Zee Entertainment Enterprises Ltd (ZEEL), Wire & Wireless India Ltd (WWIL) and Zee News Ltd (ZNL).

    Zee Entertainment Enterprises Limited today announced the approval of its demerger scheme by the Hon’ble High Court of Judicature of Bombay. “This approval paves the way for setting the record date for the demerger of the direct consumer business undertaking of Zee into ASC Enterprises Limited (ASCEL), which is soon to be renamed to Dish TV India Limited,” the company said in a release. Dish has 1.6 million DTH subscribers.

    Says Zee Chairman Chandra, “This is the last phase of our current restructuring process – WWIL and ZNL are already independent companies listed on the stock exchanges in India. Dish TV would also get listed very soon and we are confident that all four companies will deliver long-term shareholder value.”

    The record date is likely to fall in the latter half of February. The shareholders of ZEEL as on the record date shall be allotted 57.50 shares in ASCEL for every 100 shares held.

    “Dish TV would then apply for listing of such shares to the BSE, NSE and CSE, in compliance with SEBI guidelines. ZEEL expects the listing process to be completed by February,” the release said.

  • WWIL, Zee News begin trading; price range as per market expectations

    WWIL, Zee News begin trading; price range as per market expectations

    MUMBAI: The debut performance of Wire & Wireless India Ltd (WWIL) and Zee News Ltd (ZNL), Zee Group’s demerged entities, on the boursess was along market expectation lines.

    Though WWIL, the cable distribution company, opened at the BSE much lower at Rs 80, it inched up to touch a high of Rs 139.80 before closing the day at Rs 120.80. Putting their faith on digitalisation, analysts had predicted the scrip to trade in the region of Rs 120-140.

    ZNL, on the other hand, opened higher at Rs 50 even as the market had expected it to be valued at Rs 35. The scrip touched a high of Rs 58.85 before tapering off to a low of Rs 33.65 and closing Wednesday’s trading at Rs 34.40.

    Speaking to a business channel, Zee Group chairman Subhash Chandra said WWIL would touch a revenue of Rs 10 billion in 12 months but the company would still not be profitable as it is in an investment mode. The multi-system operator (MSO) has already seeded 155000 set-top boxes (STBs) in the Cas (conditional access system) areas, enjoying a 50 per cent market share.

    ZNL should end the current fiscal with a revenue of Rs 1.8-2 billion and the target in five years is to have a turnover of around Rs 10 billion, Chandra said. The company is planning to launch a Marathi news channel this month.

    Meanwhile, another media and entertainment company listed on the bourses today. Shree Ashtavinayak Cine Vision closed at a premium of Rs 228, or 42 per cent higher from its IPO price.