TV18 Broadcast Ltd - IPO

TV18 Broadcast Ltd IPO Details

Public issue of 42,00,000 equity shares of Rs. 10 each (equity shares) for cash at a price of Rs.250/- per equity share of Global Broadcast News Limited (GBN, the company or the issuer) aggregating up to Rs.105.00 Crores (the issue). The issue comprises a net issue to the public of up to 40,00,000 equity shares of Rs. 10 each aggregating up to Rs.100.00 Crores (the net issue) and a reservation of 2,00,000 equity shares of Rs. 10 each for subscription by eligible employees aggregating upto Rs. 5.00 Crores (as defined herein) (the employee reservation portion), at the issue price. The issue shall constitute 15.71% of the fully diluted post-issue capital of Global Broadcast News Limited.Issue Price : Rs.250/- per equity share of face value Rs. 10The issue price is 25 times of the face value

Objective of issue

Further Investment for Exp. into Hindi news genre. Repayment of a loan of our company. General Corporate Purposes.

TV18 Broadcast Ltd Contact Details

TV18 Broadcast Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investors.tv18@nw18.com

Website - www.nw18.com