Television

Tanu Healthcare to tap capital market for health channel project

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/03/14/Untitled-2.jpg?itok=EPM_F_o2

MUMBAI: Tanu Healthcare, a publicly listed company based in Mumbai proposing to launch a free-to-air health channel, will tap the capital markets for raising funds.

While speaking to indiantelevision.com, Tanu Healthcare chairman GK Agarwal says that the company will tap the market to fund the Rs 150 million broadcast venture - niche channel Care TV.

"We shall generate Rs 50 million from internal resources and hope to get the balance amount from the capital markets. We are looking at an issue sometime towards the end of the year," Agarwal adds while claiming that the earlier issue in 1994 was oversubscribed 10 times. The company has around 5,000 shareholders.

Initially, the company was involved in trading of analytical testing laboratory equipment, metals, chemicals and petrochemicals. It soon entered the pharma business. For the quarter ended 30 June 2003, the company had total sales of Rs 77.03 million; and a net profit of Rs 12.75 million; an EPS of 0.87 on an equity capital of Rs 146.52 million. The B2 group scrip opened today on the Bombay Stock Exchange (BSE) at Rs 11.53; gained 9.97 per cent to end the day at Rs 12.25. The volume traded was 110,830 shares.

Tanu Healthcare has already informed the BSE that the company plans to enter into health channel broadcasting in India. The channel will launch during Diwali and is located on Thaicom, frequency 3,545 Mhz vertical.

Tanu Healthcare MD in charge of Care TV Ajit Gupta says that the first-of-its-kind channel will cover various facets of the human body, mind, beauty and soul contents. "The channel will address the needs of ordinary people and will provide them information that they seek. The channel revenues will revolve around regular ads from OTC products, co-branding sponsorships, social awareness advertising and what I call informational commercial," Gupta adds.

Agarwal expects break even in the first year of operations. "Care TV is a pioneering effort and we have tested marketed the concept with several advertisers including pharma, insurance and health-care companies. Most of them seem to be keen to advertise on the channel. We should break even in anything between 9-12 months."

The company has already entered into an arrangement with TV production house Meteor Films (producing Mulk on Zee) to lease out an 8,000 sq feet studio in Mumbai. It has commissioned directors such as BR Ishaara, Jatin Kumar Agarrwal amongst others to create niche content.

At a meeting held on 31 July 2003, the board of directors of Tanu Healthcare have approved the following:

* Proposal for public issue for part financing of television channel business, subject to approval of shareholders.

* Increase in the authorised capital up to Rs 400 million from existing Rs 150 million.

* Proposal for delisting of securities from the Ahmedabad and Hyderabad Stock Exchange.

Agarwal says that the decision to delist has been taken because the scrip isn't actively trading in the other stock exchanges.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/20/ra.jpg?itok=DxzPxtHB
Viacom18 confirms the departure of Raj Nayak

In an official statement released to the media, Viacom18 confirmed the departure of Raj Nayak, the media network’s Chief Operating Officer.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/20/sony.jpg?itok=XlwZkCP5
Sony Pictures Networks India gears up for the India tour of Australia with engaging programming initiatives

For the year ending high-octane cricket series between India and Australia, Sony Pictures Networks India (SPN), will be undertaking several initiatives to enhance the viewing experience and increase engagement with cricket enthusiasts across the nation.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/20/sagnik.jpg?itok=kKMr0u3H
Sony Entertainment Television appoints Sagnik Mukherjee as AVP marketing

Sagnik Mukherjee is set to join Sony Entertainment Television as associate vice president marketing, a source close to the development confirmed to Indiantelevision.com.

Television TV Channels People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/20/raj-nayak.jpg?itok=ZDdRSmtK
Viacom18 COO Raj Nayak quits

Colors' Big Boss has quit, according to media reports. We are talking about Viacom18 COO Raj Nayak, who is the brain behind the most popular reality show Big Boss.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/19/NG.jpg?itok=K2t16PB_
Monuments Turn Red, As National Geographic Raises an Alarm for Planet Conservation

Glaciers are melting, sea levels are rising, pollution in various parts of the world is at its peak, and tonnes of plastic waste is in the oceans.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/20/joy.jpg?itok=tz_9y8_I
Network 18's Joy Chakraborthy steps down

Forbes CEO and Network 18 President(Revenue) Joy Chakraborthy has stepped down from his role, according to media reports.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/19/jony.jpg?itok=pT_heat_
Sony BBC Earth hosts the extraordinary Natural History Producer and Global Storyteller, Jonny Keeling, in India

Sony BBC Earth, India’s No. 1 factual entertainment channel and home to the most iconic and premium content, continues to deliver to its promise of making the viewers ‘feel alive’.

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/19/jumanji.jpg?itok=g7Q0FcKR
‘Ab Jungle meinhoga Dangal’ with the Hindi Television Premiere of Jumanji: Welcome to the Jungleon November 24th at 8pm only on &pictures

Ever wonder how it feels to be inside a game and play the character you choose? In the brand-new adventure Jumanji: Welcome to the Jungle, the tables are turned as four teenagers in detention are sucked into the world of Jumanji.

Television TV Channels Movie Channels
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/19/tv.jpg?itok=sMpw7SEL
Broadcasters see regional adex space growing

Now that the Hindi fervour has died down, broadcasters and advertisers have latched on to the regional segment. It's no wonder that the adex in the space is expected to grow as well. According to the global ad growth forecast of GroupM, India’s adex is expected to grow at 14.2 per cent compared to...

Television TV Channels Regional

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories