Network18 gets shareholders’ nod to raise up to Rs 1,000 crore
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Network18 gets shareholders’ nod to raise up to Rs 1,000 crore
#1
MUMBAI: Reliance Industries-
controlled Network18 Media &
Investment has received
shareholders’ approval to raise up to
Rs 1,000 crore (Rs 10 billion).
The shareholders have approved the
proposal of fund raising through
issuance of non-convertible
debentures (NCDs), foreign currency
convertible bonds and/or bond with
share warrants in one or more
tranches.
The company had tabled the special
resolution at its annual general
meeting held on 28 September.
Network18 shares closed Thursday at
Rs 48.10, down 1.64 per cent on the
BSE.
http://www.televisionpost.com/television...000-crore/
ANIL G


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