ITV

Tag: Sanjay Ray Chaudhuri

  • GoQuest, Arre tie up for content syndication

    GoQuest, Arre tie up for content syndication

    MUMBAI: GoQuest Media has tied up with Arre, a multi-format, multi-genre digital media brand co-founded by B Sai Kumar, Ajay Chacko and Sanjay Ray Chaudhuri to distribute and monetize Arré’s vibrant content offering with the digital players & re-broadcasters across the world.

    Commenting on the association, GoQuest Media managing director Vivek Lath, said, “GoQuest Media has in the last few years generated great value in content monetization to some of the leading Indian broadcasters in GEC space. To continue to add value to our partners, we are glad to associate with Arré to distribute and syndicate its quality shows like Official Chukyagiri, A.I.SHA – My Virtual Girlfriend, I Don’t Watch TV and Arre Ho Ja Re-Gender which have gathered great response from the viewers in a very short span of time. Our aim is to best optimize revenue potential of such shows from Arre in the years to come through our network of affiliates and distribution partners across the world”.

    Arre co- founder and CEO Ajay Chacko stated, “We’re committed to bring quality infotainment and entertainment content to our audiences. Our recent video offerings across fiction, reality as well as our documentaries have shown very good traction with young audiences in India. Through this partnership, we hope to reach out to a wider and varied set of viewers in India as well as globally, across linear and non-linear platforms.

  • GoQuest, Arre tie up for content syndication

    GoQuest, Arre tie up for content syndication

    MUMBAI: GoQuest Media has tied up with Arre, a multi-format, multi-genre digital media brand co-founded by B Sai Kumar, Ajay Chacko and Sanjay Ray Chaudhuri to distribute and monetize Arré’s vibrant content offering with the digital players & re-broadcasters across the world.

    Commenting on the association, GoQuest Media managing director Vivek Lath, said, “GoQuest Media has in the last few years generated great value in content monetization to some of the leading Indian broadcasters in GEC space. To continue to add value to our partners, we are glad to associate with Arré to distribute and syndicate its quality shows like Official Chukyagiri, A.I.SHA – My Virtual Girlfriend, I Don’t Watch TV and Arre Ho Ja Re-Gender which have gathered great response from the viewers in a very short span of time. Our aim is to best optimize revenue potential of such shows from Arre in the years to come through our network of affiliates and distribution partners across the world”.

    Arre co- founder and CEO Ajay Chacko stated, “We’re committed to bring quality infotainment and entertainment content to our audiences. Our recent video offerings across fiction, reality as well as our documentaries have shown very good traction with young audiences in India. Through this partnership, we hope to reach out to a wider and varied set of viewers in India as well as globally, across linear and non-linear platforms.

  • Raghav Bahl to continue as non exec director at Network18 group

    Raghav Bahl to continue as non exec director at Network18 group

    MUMBAI: After Reliance Industries acquired Network18, a slew of resignations followed. And amongst those was also the network’s founder and promoter Raghav Bahl. While there were questions on what was next, the much awaited announcement is finally out. Though Bahl ends his term as promoter from today, 7 July, he will continue to be the non executive director on TV18’s board.  He has also resigned as managing director of Network18, though he will continue as its non-executive director.

     

    This apart, the old promoters including Bahl, Ritu Kapur, Vandana Malik and Subhash Bahl, along with their affiliates have been replaced by Independent Media Trust (IMT), Network18 Media and Investments, Reliance Industries, RB Mediasoft, RB Media Holdings, RRB Mediasoft, Colorful Media, Adventure Marketing, Watermark Infratech and RB Holdings. The company announced this after a board meeting held this morning. And all of them have resigned from the board as well, along with the  co-founder and executive director of TV 18 Sanjay Ray Chaudhuri.

     

    In another announcement that followed, Reliance Industries revealed that Independent Media Trust (IMT) of which RIL is the sole beneficiary, has completed the acquisition of Network18 Media and Investments (NW18) including its subsidiary TV18 Broadcast (TV18).  With the completion of this transaction, IMT and RIL have become promoters of NW18 and TV18. The open offers to the public shareholders for acquisition of equity shares of NW18, TV18 and Infomedia Press as announced on 29 May by JMT are in process and the draft letter of offer has been filed with SEBI for its comments.

     

    The company also stated in a notice to the Bombay stock exchange that the Network18 board has been reconsituted with the appointment of veteran journalist  Rohit Bansal and founder and group chairman of Webduniya Vinay Chhajlani as non-executive directors, and  HDFC chairman  Deepak S Parekh and Adil Zainulbhai as independent directors, following the resignation of the promoter directors.

     

  • Network 18 to raise 2 billion via rights issue

    Network 18 to raise 2 billion via rights issue

    MUMBAI: Network 18 will be raising around Rs 2 billion through a rights issue to fund the film business, pay back debt and enter into other media opportunities.

    The company, which holds TV 18 Group, also houses Studio 18 and Shop 18. While Studio 18 is engaged in film business, Shop 18 is a television network dedicated to home shopping.
    “We will be using the money to fund our movie business and also retire some debt. We are also looking at opportnities in entering into new lines of media business,” says a source in the company.

    Network 18 board today also approved the rights issue of partly convertible cumulative preference shares (CCPS) of Rs 200 (face value) each in the ratio of 1:5.

    A detailed structure and other terms of the issue will be decided later. The rights issue committee of the Network 18 board will work in consultation with the lead managers to the issue.

    Director Sanjay Ray Chaudhuri shall be excluded from the promoter category of the company. “In any future correspondence with the Stock Exchanges / shareholders etc., name of Chaudhuri shall not be included in the Promoter / Promoter Group of the company,” Network 18 said in a statement.

    Meanwhile, TV 18’s board has declared an interim dividend of 40 per cent or Rs 2 per equity share of Rs 5 each.

    Network 18 fell 6.2 per cent on the BSE to close the day at Rs 322.25 even as its board approved a rights issue. TV 18, on the other hand, slipped 5.42 per cent to end at Rs 525.20.

  • TV18’s Sanjay Chaudhuri sells 100,000 shares to Bahl

    TV18’s Sanjay Chaudhuri sells 100,000 shares to Bahl

    MUMBAI: The Raghav Bhal promoted Television Eighteen Ltd has transferred 175,000 shares as a block deal to Network18 Fincap Pvt Ltd (previously known as SGA Finance and Management Services Private Limited) for Rs 120 million.

    This brings to 2,243,225 the total number of shares transferred to Network18 Fincap from Bahl’s personal holding. Recently, Network 18 Fincap had acquired 200,000 equity shares from Bahl for Rs 12.84 million.

    “Pursuant to the sanction to the scheme of arrangement by the Hon’ble High Court of Judicature at Delhi, Network 18 Fincap Pvt Ltd has acquired 175,000 shares from Bahl,” a statement TV18 posted on the BSE declared.

    Further, the company has informed the Bombay Stock Exchange that TV18 co-promoter Sanjay Ray Chaudhuri had sold 100,000 shares to Bahl in a block deal on 21 October.

    Assuming the transaction was done at the price the scrip was trading at on 21 October — Rs 685 — Chaudhuri would have received about Rs 61 million in the share sale.

    The TV18 scrip opened at Rs 700 and touched an intra-day high of Rs 793 before closing at Rs 776.