ITV

Tag: Telephoto Entertainment

  • SSI to make 20 per cent open offer to Telephoto shareholders

    SSI to make 20 per cent open offer to Telephoto shareholders

    MUMBAI: After acquiring controlling stake, SSI Limited will make a 20 per cent open offer to the remaining shareholders of the Chennai-based production house Telephoto Entertainment.

    According to an announcement published by the company in the Bombay Stock Exchange (BSE), the open offer is to acquire 12,28,000 fully paid up equity share of Rs 10 each representing 20.01 per cent of the fully expanded voting equity capital of the target company (assuming full allotment under the proposed Preferential Issue of equity share) at a price of Rs 19 for each equity share of the target company, payable in cash, in terms of Regulation 20 of the Regulations.

    According to the statement, the open offer will begin on 23 January and close on 11 February.

  • SSI to acquire controlling stake in Telephoto Entertainments Ltd

    SSI to acquire controlling stake in Telephoto Entertainments Ltd

    MUMBAI: Chennai-base television-film production house Telephoto Entertainments Ltd is planning to sell majority stake to SSI Ltd.

    The company has decided to make a preferential allotment to SSI Ltd at a price that will be arrived at according to the SEBI (Securities and Exchange Board of India) investment guidelines.

    The company will make the allotment of equity shares and warrants with the option to convert them into equity shares up to Rs 100 million. This will enable the television content production house to generate long term resources for implementing future growth plans.

    SSI plans to acquire management control in Telephoto, subject to regulatory approvals. “The preferential offer is proposed to be made to SSI Ltd, subject to necessary approval from shareholders,” Telephoto informed BSE on Wednesday. The company plans to convene an Extra Ordinary General (EGM) meeting on 30 December to seek shareholder approval.

    With the deal, SSI Ltd, which exited the software services and education business and ventured into real estate and hospitality sector, will be making its foray into the entertainment segment.

  • Raj TV to go pay from 1 Feb, launch Telegu, Tamil music channel

    Raj TV to go pay from 1 Feb, launch Telegu, Tamil music channel

    MUMBAI: All the channels are stepping up preparations for gearing towards the implementation of conditional access system (CAS).

    Raj TV plans to go pay with effect from 1 February, close on the heels of Gemini TV.

    Several cable operators in western and northern parts of the country, meanwhile, have pulled these vernacular language channels from the prime band unless the viewers ask for the same.

    As for Raj TV’s plans, on the anvil is a revamp of the current programming mix. The channel is also in the process of setting up a new Tamil music channel, and also plans to get into film production, reports say. Raj has also announced the launch of a Telegu channel.

    According to media reports, Raj TV plans to invest an estimated Rs 1billion in launching a Telugu channel in March 2003, for which talks are on with venture capitalists. Cinevistaas, AVM and Telephoto Entertainment are among those that are slated to produce new shows for the revamped Raj TV.

    The new Telugu channel will however be a news based channel aimed at the rural population as well as women in Andhra Pradesh. Sun’s Gemini and Eenadu’s ETV are the current top contenders in the satellite channel stakes in the state. The new channel will have a new logo, a new name and a fresh infusion of manpower.

    Raj TV, which has teleport facilities in Chennai, will uplink the new channel from the same facility.

    As part of the value additions the long delayed music channel from Raj TV, tentatively titled Melody, intends a soft launch around Valentine’s Day. It would offer primarily Tamil music (70 per cent) while other regional fare would comprise about 30 per cent.

    Having made three mid-budget films, feature length film production is also a venture Raj TV plans to explore. The intention now is to get bigger budget films produced with popular stars.