Cable TV

Axis Mutual, ICICI Life are anchor investors for Ortel IPO; allotted 28.42% of QIB portion

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2015/03/02/ortel.jpg?itok=IVq43J8D

BENGALURU: In its Red Herring Prospectus Ortel Communications had mentioned that out of the 90 lakh shares that form the QIB (qualified institutional bidders) portion of its IPO that opens tomorrow, up to 54 lakh equity shares (60 per cent of QIB portion) would be allotted to anchor investors on the anchor investment bidding date in consultation with the book running lead manager. Further, of the remaining 36 lakh equity shares of the QIB portion, at least 1.8 lakh shares would be allocated to mutual funds.

The anchor investor bidding date was today – 2 March, 2014. The company has allotted 25.57425 lakh equity shares (28.416 per cent of QIB portion) at the rate of Rs 181 per share aggregating Rs 46.29 crore to Axis Mutual Fund and ICICI Prudential Life Insurance. It may be noted that the allotment is at the lowest price of the price band.

The breakup of the anchor allotment is as follows: Axis Mutual Fund’s (Midcap Fund scheme) was allotted six lakh shares (23.46 per cent); Axis Mutual Fund (Small Cap Fund scheme) was allotted three lakh shares (11.73 per cent) and ICICI Prudential Life Insurance Co Ltd was allotted 16.57425 lakh shares (64.81 per cent) aggregating to 25.57425 lakh shares.

Ortel Communications Limited (Ortel) IPO that is to open tomorrow, March 3, 2015, is for up to 1.2 crore (12 million) equity shares of face value of Rs 10 each including a share premium per equity share. The price band is fixed from Rs 181 to Rs 200 per equity share. The issue constitutes 39.25 per cent of Ortel’s fully diluted post-issue paid up equity share capital and includes up to 60 lakh fresh issue shares and 60 lakh shares by the selling shareholder NSR-PE Mauritius LLC.

The funds raised through the IPO would be utilized for expansion of its network for providing video, data and telephony services; capital expenditure on development of digital cable services; capital expenditure on development of its broadband services; and general corporate purposes.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/20/VD_Wadhwa-TS_Panesar.jpg?itok=YQrVNC1l
Hathway's Panesar succeeds Wadhwa as AIDCF head

MUMBAI/NEW DELHI: Hathway Cable & Datacom’s Video Business CEO T S Panesar has taken over as the new president of the All-India Digital Cable Federation (AIDCF), the apex body of digital cable television players.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/10/KHOLI-manthan.jpg?itok=qng1OC7E
DAS III extension leads to payment tiff; MSO blacks out Star channels in WB

MUMBAI: The multi-system operator in West Bengal Manthan continues to black out Star TV channels over a payment dispute since last Friday. Over five and a half lakh reported Manthan subscribers in Kolkata did not have access to over 45 channels such as Star Plus, National Geographic, Star Jalsha,...

Cable TV DAS
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/09/Rjavardhan-rathor-800x800.jpg?itok=6WBeqx-x
MSO registrations remain slow even as DAS deadlines approach

NEW DELHI: The registration of multi-system operators (MSOs) remained slow with 71 provisional clearances in December 2016 and up to 4 January 2017 taking the total to 1130 despite the fact that less than a month is left for Phase III analogue switch-off and two months before the final phase of...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/05/cable-TV-SHOW.jpg?itok=bL8WtjlM
MSO flat fee a hurdle, says CTMA while backing TRAI & WB's underground cable

MUMBAI: The West Bengal government is preparing to build an underground network of cable TV lines in an attempt to keep the city clean, a state minister has said. Urban development minister Firhad Hakim said, in New Town, they had done it and would start soon in Bidhannagar. In Kolkata, they would...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/02/Bibhu%20Prasad%20Rath.jpg?itok=Xtbala_c
MSO Ortel strengthens digital payment services

MUMBAI: Multi-system operator Ortel Communications Limited (Ortel) has launched its new digital bill payment option using Paytm.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/02/TS-Panesar-Rajan-Gupta.jpg?itok=RmFd6vv0
GTPL Hathway files listing prospectus

MUMBAI: GTPL Hathway Limited, a material subsidiary of Hathway Cable & Datacom Limited, has intimated the BSE and the NSE of filing of Draft Red Herring Prospectus by GTPL.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/29/MSO-800x800.jpg?itok=6qcp6PNX
Demonetisation: Naidu claims there's no slump in TV/film industry

NEW DELHI: Information and broadcasting minister M Venkaiah Naidu has denied reports of any slump in the entertainment industry because of demonetisation. Naidu said he had seen reports in the media but had not received any representations from any section of the television or film industry to the...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/27/Mrinal-Chatterjee-800x800.jpg?itok=ynSMhA2w
Bengal Broadband to offer cable TV & broadband services in W Bengal

MUMBAI: Here’s another cable TV consortium looking to provide digital cable TV and broadband services to eastern state of Kolkata. Under the umbrella of Bengal Broadband & Cable TV Services, the MSO is focusing its operations on Kolkata, North and South 24 Parganas, Burdwan, Birbhum, Nadia and...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/26/TS-Panesar%20and%20Rajan-Gupta.jpg?itok=ZPHyNCai
Hathway Cable files GTPL details with BSE

BENGALURU: Among the largest cable television operators in India, the listed Hathway Cable and Datacom Limited (Hathway) has a number of subsidiaries and partnership in the television signal carriage and broadband ecosystems in the company. The company has various levels of investments in these...

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories