ITV

Tag: business

  • Adlabs Films to list demerged radio business, swap ratio at 2:1

    Adlabs Films to list demerged radio business, swap ratio at 2:1

    MUMBAI: Adlabs Films Ltd (AFL) board has approved the proposal for demerger of its FM radio business to a wholly owned subsidiary.

    According to the scheme, the shareholders of Adlabs will get two shares of the new company for every new share held. The new entity will be listed on the stock exchange, the company said in a release.

    The scheme also envisages amalgamation / merger of two AFL subsidiaries, Entertainment One India LTD and Mukta Adlabs Digital Exhibition Pvt LTD, with itself. “The aforesaid scheme will be subject to all requisite permissions, sanctions and approvals including, inter alia, of share holders, lenders, stock exchanges, High Courts, regulatory authorities,” the company said in a release.

    Adlabs had made its debut in film production in the year 2002 through its 100 per cent subsidiary Entertainment One India Ltd. A year later, the company entered into a 50:50 join venture with Mukta Arts for digital delivery of movies.

    Adlabs board has also recommended a dividend of 45 per cent (Rs 2.25 per share) for the year ended 31 March 2006, subject to approval at the ensuing annual general meeting.

  • Sify launches online magazine store

    Sify launches online magazine store

    MUMBAI: www.sifymall.com, the online store on portal Sify has launched magazine subscription service online.

    The store has magazines from both Indian and foreign publications across categories like advertising, audio/video, automotive, aviation, beauty and fashion, business, films, music, travel and leisure and women to suit users interests.

    Sify senior VP, interactive services, Surya Mantha says, “Our aim is to ensure that the best offers are always available on SifyMall for users to experience real value for money. Be it the popular Deal of the Day, occasion based online gifting, or shopping online, we work to ensure customer delight in a number of ways. Our online magazine store extends this philosophy with subscriptions that offer real value to users with a wide range of magazines to suit their interests. We’ve also redesigned SifyMall to enhance the shopping experience for our users”.

    All a user needs to do is to go online on www.sifymall.com to the Magazine Store, and choose the title of his/her choice from an array of 130 magazines, with more to be added in future. The magazines are arranged conveniently by topic, publishers as well as alphabetically for users to locate the magazines of their choice easily and quickly.