 "Hinduja Ventures climbs after its arm obtains WOL licence")
Shares of Hinduja Ventures have gained 2.4% at Rs 374 on the BSE after Grant Investrade (GIL), a subsidiary of Hinduja Ventures, obtained the wireless operating licence (WOL) for the HITS (Headend-in-the-Sky) digital television services from the Ministry of Information & Broadcasting.
The WOL is the final regulatory step before making HITS operational complying with the terms and conditions mentioned in the Letter of Intent issued by the Ministry of Information & Broadcasting to GIL previous year.
“We are delighted to confirm receipt of the WOL for us to commence operations of the HITS service in India. The launch of Nxt Digital is in line with the Government’s objective of making India ‘digital’ and we’re proud to be a part of this national initiative,” A K Das, Chairman, Grant Investrade said in a filing to the BSE.
The stock opened at Rs 378 and touched a high of Rs 378 on the BSE. A total of 2,599 shares changed hands on the BSE so far.
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