UTV beams after signing deal with BKN Media

DALAL STREET SPIKES

The UTV Software Communications stock was up 7.34 per cent to Rs 188.75 after the company announced that its animation unit, UTV Toonz, had entered into a $10 million deal with New York's BKN New Media Inc. 178,059 shares were traded on the BSE today.

Earlier this month, the company had announced its joint venture with Astro All Asian Networks Plc of Malaysia to introduce two children's TV channels in South East Asia.

For the quarter ended June 2005, UTV posted a net profit of Rs 3.50 crore on net sales of Rs 42.57 crore.