ALSO READBSE-listed cos promoters pledge shares worth Rs 2.8 lakh cr Modern Shares & Stockbrokers standalone net profit declines 16.67% in the September 2017 quarter Modern Shares & Stockbrokers reports standalone net profit of Rs 0.02 crore in the June 2017 quarter BSE-listed cos' promoters pledged Rs2.61 lakh cr shares in Aug BSE firms' promoters pledged shares worth Rs 2.78L cr in Nov
Invests in 2.86 crore equity shares of Mail Today NewspapersT.V. Today Network has invested in 2.86 crore equity shares of Mail Today Newspapers (indirect wholly owned subsidiary) of Rs 10 each aggregating to Rs 28.60 crore (representing 16.67% of the increased paid up share capital of Mail Today Newspapers) on 07 December 2017. The investment will be used by Mail Today Newspapers for repayment of its debt and for its business operations.
Consequent to this investment, the Company and its subsidiary, India Today Online will continue to hold 100% of the paid up capital of Mail Today Newspapers.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)