Television

SET India stakeholder Jackie Shroff says may dilute holding

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/02/25/Untitled-1_23.jpg?itok=LZQKy4AC

NEW DELHI: The Indian and NRI shareholders may dilute their stakes further in Sony Entertainment TV (SET) India, according to one of the Indian shareholders of the company. 

"I, like any other shareholder, am not averse to diluting the stake in the company in favour of the public or Sony. I have the option to do that and may exercise that right too," Jackie Shroff, Bollywood film star and one of the Indian shareholders in SET told indiantelevision.com on the sidelines of a party hosted on Sunday by the Sahara group and politician Amar Singh here to felicitate Kapil Dev who has been declared as the Wisden's Indian cricketer of the century.

In India, SET looks after the affairs of Sony, AXN and SET Max, distributes CNBC India and has a distribution joint venture with Discovery India.

According to Shroff, looking quite spiffy and a far cry from the character of Chunni Babu, which he ineptly essayed, in the latest blockbuster Devdas, he, however, has not made up his mind how of much of his shareholding he will dilute. He also did not spell out his personal holding in SET.

"It has been almost seven years since we made the investment in SET and naturally we would also like some good returns on it," Shroff said in between posing with his fans for photographs, "But I must admit it has been a wise investment."

When asked specifically whether he is aware of SET's plans to go public in India sometime next year if the market conditions are okay, Shroff said, "I have heard something of that sort, but I don't have any details or specific information on that aspect."

According to the information available, the shareholding in SET India currently is as follows: Sony Pictures Entertainment, USA holds a 61 per cent equity stake, while 31 per cent is held by Indian partners and NRIs, and 8 per cent by Capital International, Japan.

In July, SET India chief executive Kunal Dasgupta had told journalists on the occasion of the launch of the Madhuri-anchored K3H that Sony Entertainment Television, part of the Japanese conglomerate Sony, was in a restructuring mode both in Singapore and India.

"We are undergoing some restructuring both in Singapore and India as part of which the Indian operation has undergone work-related changes," Dasgupta had then told indiantelevision.com.

When he was asked to respond to the sentiment among media analysts that the changes in SET in Singapore and India may lead to an IPO in India, Dasgupta had reluctantly admitted: "At some point of time we have to bring the two entities together for valuation

Bringing the Indian and Singapore operations under one company has to be done as the Singapore SET is the broadcasting company, while SET India is the marketing, ad sales and distribution company.

Only merging the two entities will unlock the real valuation of Sony Entertainment if it wants to go in for an IPO, media analysts had opined.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/21/hichki.jpg?itok=YnbGpJnc
Watch Rani Mukerji’s ‘Dadasaheb Phalke Excellence Award’ winning performance in ‘Hichki’ only on Sony MAX

After garnering success at the box office and a heart-warming response from the audience, the Rani Mukerji starrer ‘Hichki’ is all set for its Worldwide Television Premiere only on Sony Pictures Networks’ number 1 Hindi movie channel, Sony MAX on Saturday, 26th March at 9pm. Directed by Siddharth...

Television TV Channels Movie Channels
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/21/raid.jpg?itok=P0Yt38Li
World Television Premiere of Raid on Star Gold

This May, Star Gold to bring the World Television Premiere of Raid. Touted as first Bollywood project to be based on an Income Tax raid, this Ajay Devgn starrer hit will be showcased on 27th May 2018, Sunday at 1 PM on Star Gold.

Television TV Channels Movie Channels
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/21/travelxp.jpg?itok=fZ5WlyF7
Travelxp explores Nagaland this month; Strictly Street, Krazee Foodie return for second seasons

Travelxp, the world’s leading travel channel, continues to excite its viewers with its popular show ‘Xplore Nagaland’ and new seasons of ‘Strictly Street’ and ‘Krazee Foodie’ as it continues to bring an experience of new places, diverse cultures and exotic cuisine straight to viewers’ living rooms...

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/21/bbc.jpg?itok=bcNVAmGo
BBC StoryWorks expands into India

BBC StoryWorks, the global content marketing team within BBC Global News Ltd, has expanded into India with staff now based in the country for the first time as part of wider growth across the Asia Pacific region.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/21/firstpost.jpg?itok=eJfp--s7
Firstpost turns 7: a look back at the milestones

MUMBAI: Firstpost.com India’s leading digital news platform known for its path breaking content and remarkable journalism, celebrates 7 years in the industry. The platform was launched in 2011 by Network18 as an exclusive online news and views website and app accessible across platforms and...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/21/star-sports.jpg?itok=CvBZ76Tv
Star to telecast IPL finale on 17 channels, adds Marathi Malayalam feeds

On the evening of 27 May, Star India wants to ensure you see nothing but IPL on your TV screens, no matter where you are or what language you speak. It has roped in Star Pravah and Asianet movies to add two new language feeds for better reach of the IPL 2018 in Marathi and Malayalam respectively.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/21/Sunil_Lulla.jpg?itok=JxBknQjA
Sunil Lulla joins Balaji Telefilms as group CEO

MUMBAI: Indian production company Balaji Telefilms has appointed Sunil Lulla as its new group chief executive officer. His new role will be effective from 25 May 2018. He will replace Sameer Nair who quit the company to join Applause Entertainment.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/19/Women_team.jpg?itok=GlXhW-Eb
Nielsen on changing landscape of global sports

MUMBAI: The global sports industry is undergoing more disruption than ever as a result of ongoing shifts in media consumption, the emergence of new technologies and a rapidly evolving sponsorship market.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/18/itw.jpg?itok=k4WnARII
ITW Consulting appoints Navneet Sharma as president, international strategy, sales & IP development

ITW Consulting, a global sports commerce specialising in crafting and executing multi-faceted brand management solutions across sports, entertainment and media, has appointed Navneet Sharma as president international strategy sales and IP development w.e.f. from May 2018.

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories