Television

TV18 approves esops, bonds

MUMBAI: Television Eighteen India Ltd has informed the Bombay Stock Exchange that at its extra ordinary general meeting (EGM) held on 9 December 2003, its shareholders have approved the issue of 5,00,000 equity shares of Rs 10 each at a premium of Rs 142 per share on preferential basis to promoters or promoters' associates or any other entity.

TV18 members have approved a proposal for 5,00,000 options and 5,00,000 equity shares of Rs 10 each under new employees stock option plan 2003 and employees stock option plan 2003, respectively.

The members also approved issue of 5,00,000 six per cent optionally convertible bonds of Rs 152 each.

The issue of 10,00,000 Series A convertible warrants of Rs 152 each and 7,00,000 Series B optionally convertible warrants of Rs 152 each was also approved at the meeting by the members of the company.

The TV18 scrip remained stable on the BSE and closed at Rs 190.95 after trading in the Rs 190-194 range. Around 13,500 shares were traded on the counter.

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