Page 2 - Tv18 Broadcast

Den Networks slips 11% on calling off merger with TV18 Broadcast

Considering that more than a year has passed from the time the board considered the scheme, it has decided to not proceed with the arrangement envisaged in the scheme," Den Networks said

Merger of TV18 Broadcast, Hathway, Den Networks into Network18 called off

Considering that more than a year has passed from the time the board considered the scheme, it has decided to not proceed with the arrangement envisaged in the scheme, Den said in a statement

TV18 Broadcast Q2 net profit up over two-fold to Rs 115.55 crore

Media firm TV18 Broadcast Ltd on Tuesday reported an over two-fold increase in consolidated net profit to Rs 115.55 crore for the September quarter. The company had posted a net profit of Rs 46.55 crore in the July-September period of the previous fiscal, TV18 Broadcast said in a regulatory filing. However, its consolidated revenue from operations dipped 10.14 per cent to Rs 1,012.80 crore for the quarter under consideration, as against Rs 1,127.13 crore in the corresponding period a year ago. Total expenses were at Rs 909.82 crore compared to Rs 1,104.13 crore earlier, down 17.59 per cent. TV18 Broadcast Chairman Adil Zainulbhai said the company's broadcasting businesses have recovered from the impact of the COVID-19 pandemic to a "very large degree". "Our proactive measures on cost-control have resulted in much-improved profitability across both News and Entertainment, despite certain market segments still suffering from pressures due to the coronavirus," he added. Advertisemen

TV18 Broadcast Q1 net profit down 92% to Rs 1.88 crore in first quarter

Media firm TV18 Broadcast Ltd on Wednesday reported a 91.88 per cent decline in consolidated net profit at Rs 1.88 crore for the first quarter ended June 2020

RIL-owned firms rally; TV18 Broadcast, Network18 soar over 60% in a month

Hathway Bhawani Cabletel & Datacom were locked in upper circuit for the 40th straight trading day

Hathway Cable, TV18 Broadcast surge 20% as RIL to consolidate media biz

For every 100 shares of TV18, Hathway, and Den, their shareholders would get 92, 78, and 191 shares of Network18

Network18 case: Sebi says no open offer needed on investments involving IMT

Markets regulator Sebi on Friday said that no open offer needs to be made due to various agreements involving investment by Independent Media Trust (IMT) of funds received from a Reliance entity into Network 18 companies. It was alleged Reliance Industries Ltd (RIL) in the guise of executing investment agreement or so called Zero Coupon, Optionally & Fully Convertible Debentures (ZOCDs) agreement, indirectly acquired control over Network 18 without following the procedure prescribed under the Takeover Regulations. In February 2012, ZOCD agreement was entered into by and between six private limited companies (together termed as holding companies) owned and controlled by IMT, Raghav Bahl and his wife in their individual capacity. Under the ZOCD agreement, IMT was to invest funds received from Reliance Industrial Investments and Holdings Limited by subscribing to the ZOCDs of the holding companies and these holding companies were obliged to utilise ZOCD subscription amount for ...

TV18 Broadcast gives nod to amalgamation of four subsidiaries

The said scheme of amalgamation is subject to regulatory approvals

TV18 Broadcast Q3 net profit plunges 77% to Rs 20 cr

Income from operations during the quarter stood at Rs 250 crore, up marginally by 0.92%