ITV

Tag: RK Damani

  • TV Today gains 4 per cent as RK Damani ups stake to 6.4 per cent

    TV Today gains 4 per cent as RK Damani ups stake to 6.4 per cent

    BENGALURU: He is a quiet and a patient ‘Man with the Midas touch,’ who is touted as Indian stock market whiz Rakesh Jhunjunwalla’s guru. Today, Radhakishan Damani, or RK Damani, increased his stake in TV Today Network Limited with an investment of Rs 25.48 crore for 13 lakh shares of face value of Rs 5 each,  to 6.4 per cent from 4.22 per cent. Damani’s average purchase price at that rate works out to Rs 196 per share.

     
    The company’s share closed 4.01 per cent higher at Rs 217.70 from an opening of Rs 210 today on the BSE. The High/Low values of the script for the day were Rs 220.45/208.30. The share had closed at Rs 209.30 yesterday.TV Today’s script saw a turnover of Rs 6.02 crore at a weighted average price of Rs 215.42 per share on the BSE. Its 52 week High/Low on the BSE was Rs259/Rs 96.05.

     
    On the NSE, at close today, the script had gained 3.64 per cent (Rs 7.65) on yesterday’s closing price of Rs 209.95 to close at Rs 217.60 per share. The script opened on the NSE at Rs 210, reached a high of Rs 220.40 and a low of Rs 208.05 during the course of the day. About 9.48 lakh shares valued at Rs 20.4718 crore were traided on the NSE today. The 52 week high of the share was Rs 259.35 on 7 November 2014 and the 52 week low was Rs 95.75 on 30 January 2014 on the NSE.

     
    Earlier, on 27 August 2014 Derive Investments, a fund run by RK Damani and Gopikishan Damani had bought 11.7 lakh shares representing 1.96 per cent stake in TV Today Network for Rs 21 crore. The price of TV Today then rose 6 per cent to Rs 217 on the NSE. Before that, since September 2013, RK Damani had held a 1.5 per cent stake in the TV broadcaster.

     

    TV Today reported a 58.1 per cent y-o-y increase in production costs coupled with a 40.4 per cent increment in employee benefit expense (EBE) and a 36.6 per cent rise in other expense numbers which pared its PAT to register a 2.9 per cent increment in Q2-2015. The company reported a y-o-y growth of 21.8 per cent in its Total Income from Operations (TIO) in Q2-2015 at Rs 111.69 crore versus the Rs 91.71 crore in Q2-2014, but TIO registered a 18.5 per cent decline when compared to the Rs 137.01 crore for Q1-2015. Higher TIO in Q1-2015 can be attributed to the national elections that saw revenues of most news channels rise during the first quarter of FY-2015.

     

    As mentioned above, the company’s PAT at Rs 13.21 crore (11.8 per cent of TIO) was 2.9 per cent more than the Rs 12.83 crore (25 per cent of TIO), but was almost a third (40.3 percent of) the Rs 32.79 (23.9 per cent of TIO) crore in Q1-2015.

     

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  • Rekha and Amitabh Bachchan together in ‘Shamitabh’

    Rekha and Amitabh Bachchan together in ‘Shamitabh’

    MUMBAI: Award winning actor Dhanush, who made his debut in Bollywood with Raanjhana has just wrapped up the shooting of his second hindi film Shamitabh. The latest buzz is that, the film with Dhanush, Akshara Haasan and Amitabh Bachchan in lead will also star yesteryear sensation and an evergreen beauty Rekha.

     

    This was reveled by the Dhanush at the micro-blogging site Twitter, “LOOK whom I’m sharing screen space with, in Shamitabh. The one and only REKHA JI !!! #beautyforever,” he tweeted.

     

    Although it’s not clear whether they will have any scenes together, but Amitabh Bachchan and Rekha will be in a movie together after three decades.

     

    Shamitabh is an upcoming Hindi film scripted and directed by R Balki. The film is jointly produced by Sunil Lulla, R Balki, Rakesh Jhunjhunwala, RK Damani, Amitabh Bachchan, Abhishek Bachchan, Sunil Manchanda and Dhanush under their respective production banners. Ilaiyaraaja has composed the soundtrack album and background score for the movie, while cinematography was handled by PC Sreeram

     

    Shamitabh is slated to release worldwide on 6 Feburary 2015.

     

    Last seen together in Silsila, Bachchan and Rekha have co-starred in many movies in the past including like Immaan Dharam (1977), Khoon Pasina (1977), Ganga Ki Saugandh (1978), Muqaddar Ka Sikander (1978), Mr Natwarlal (1979) and Suhaag (1979). She has also dubbed for two Bachchan-starrers; she was Sridevi’s voice in Aakhree Raasta (1986), and also dubbed for Soundarya and Jayasudha in EVV Satyanarayana’s Bollywood debut Sooryavansham (1999)