ITV

Tag: TV Eighteen

  • CNBC reports a net profit of Rs 130.73 mn

    CNBC reports a net profit of Rs 130.73 mn

    MUMBAI: TV Eighteen annual results for the year ended 31 March 2004 reports their net profit at Rs.130.73 million excluding forex gains/losses and deferred tax adjustment. Their revenue from operations is Rs 537.02 million breaking up into news operations generating Rs 518.33 million, entertainment operations generating Rs 6.55 million and Internet and software operations generating Rs 12.14 million. Operating profit was at Rs.229.19 million and operating margin at 42.68 per cent.     

    Their earning per share (EPS) was Rs 8.76 excluding forex gains/losses & deferred tax adjustment. A point to note is that the financial performance for TV Eighteen has been measured for Television Eighteen Group on a consolidated basis. This includes TV 18 India and its subsidiary companies TV 18 Mauritius, Eighteen Entertainment India, E18 and MCD. Hence, this year the results were published after the JV with CNBC has been restructured. Accordingly, the current results are based on a substantially different structure of revenues and costs as compared to results published for previous year, therefore these figures cannot be made a base for comparison.

  • Reliance Cap transfers 3.24% TV18 stake into Vision Fund

    Reliance Cap transfers 3.24% TV18 stake into Vision Fund

    MUMBAI: Reliance Vision Fund – a scheme of Reliance Capital Mutual Fund (RCMF) has picked up 470,933 equity shares of Television Eighteen India Ltd representing 3.24 per cent of the company’s total paid up share capital.

    However, the said acquisition does not increase the total stake of Reliance Capital Mutual Fund in the paid up capital of TV Eighteen. According to market sources, RCMF has merely transferred its investment in TV Eighteen from one fund scheme to another – in this case, from Reliance Growth Fund to the Reliance Vision Fund.

    The stake acquisition was made in the open market on 15 March 2004.

    With this acquisition, the total shareholding of Reliance Vision Fund in TV Eighteen stands at 955,933 equity shares representing 6.58 per cent of the paid up share capital.

    Ownership structure of Television Eighteen as on 31 December 2003:

    As per shareholding data available as on 31 December 2003, Reliance Capital holds over 1.1 million shares in TV Eighteen – 0.595 million shares through Reliance Growth Fund and 0.55 million shares through Reliance Vision Fund.