Resources

IndusInd sets off Rs 928 m against share premium account

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/resources-images/2015/12/28/Untitled-1.jpg?itok=g-KnUwJO

MUMBAI: Saddled with bad debts and a "dud" investment on conditional access system (CAS), leading multi system operator IndusInd Media & Communications (IMC) has done a financial restructuring.



IMC has set off the value of set-top boxes and smart cards of Rs 580.6 million against its share premium account. This is part of the Rs 1 billion total investment the company has made towards CAS.



The company has also set off bad debts of Rs 347.77 million against its share premium account as on 31 March, 2004. IMC has an additional debt burden of Rs 220 million.



"We have been having problems of receivables. Besides, the position on CAS was not clear. So we thought it would be a prudent approach to clean up our balance sheet," says a senior official in the company.



IMC also felt substantial marketing efforts and extensive awareness campaigns would be required to push for CAS. For long term interests, STBs needed to be seeded on trial basis or deployed under rental schemes to make them attractive.



IMC has Rs 1134.43 million left in its share premium account as on 31 March, 2004, after making these adjustments. This will be further augmented by an amount of Rs 530.79 million on completion of issue of shares to Kudelski SA.



Last year, IMC entered into an agreement with Kudelski SA, Switzerland for issuing around 3 per cent of its equity for $12 million.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/26/rajiv.jpg?itok=ydVduH6_
Chilaka's roller coaster ride from engineering to animation

MUMBAI: Who would have thought that the person holding a master’s degree in computer science from a prestigious US University would commit to the lesser known field of animation and return to his homeland. And yet today, Rajiv Chilaka stands redeemed for a choice he made nearly 17 years ago.

Resources Studios
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/28/Untitled-3.jpg?itok=HQFkieZ5
Film Writers’ Association gets new name, logo; new direction

Keeping pace with the changes in media and its consumption, the Indian Film Writers Association has donned a new avatar.

Resources forums
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/resources-images/2016/03/17/Untitled-1.jpg?itok=nslDrXSb
CASBAA Announces Thirteen-Strong Board of Directors

MUMBAI: Since its inception in 1991, CASBAA has welcomed an ever-growing group of members, showcasing the diverse industries and areas that make up Asia Pacific Broadcasting. Now, following its AGM on 29 October, CASBAA has announced its most extensive group of Directors to date, with many of the...

Resources forums
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/05/11/Untitled-3_1.jpg?itok=vu5_FDHK
CASBAA Announces Thirteen-Strong Board of Directors

MUMBAI: Since its inception in 1991, CASBAA has welcomed an ever-growing group of members, showcasing the diverse industries and areas that make up Asia Pacific Broadcasting. Now, following its AGM on 29 October, CASBAA has announced its most extensive group of Directors to date, with many of the...

Resources Satelite Reckoner
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/resources-images/2015/10/20/Untitled-2.jpg?itok=hUWXLERi
TRAI ad cap: Broadcasters move Delhi High Court

MUMBAI: The 12 minute ad cap case has had a change in venue - from the Telecom Disputes Settlement Appellate Tribunal (TDSAT) to the Delhi High Court (HC). With the Supreme Court’s recent ruling that TDSAT does not have authority to hear cases challenging the Telecom Regulatory Authority of India...

Resources TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/resources-images/2015/10/20/Untitled-2_0.jpg?itok=cFDaRIxF
Close Trai Ad cap: Broadcasters get respite from Delhi High Court

MUMBAI: The Indian broadcasting community has got a respite on the Telecom Regulatory Authority of India (TRAI) ad cap case. The Delhi High Court today granted an interim order preventing the regulator from carrying out any coercive action against broadcasters violating the mandated 12 minute ad...

Resources TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/resources-images/2015/09/30/logo.jpg?itok=JUgj-r7k
Delhi Lokayukta wants DAVP panel to certify circulation figures before giving govt. ads

NEW DELHI: Delhi Lokayukta Justice Manmohan Sarin has favoured setting up of a panel of Directorate of Advertising and Visual Publicity for empanelment as well as granting of government advertisements.

Resources Legal and Policies
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/resources-images/2015/10/20/TRAI.jpg?itok=B2tSxVgN
Election Commission to allot time to five state assemblies for poll broadcast on DD, AIR

NEW DELHI: All India Radio and Doordarshan, which provides a platform to political parties for their poll broadcasts before election, will also organise panel discussions or debates at the Kendras/Stations for the forthcoming elections, for the state assemblies of Rajasthan, Madhya Pradesh,...

Resources TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/28/Trai.jpg?itok=9gfKkaHP
87% drop in complaints against VAS after regulations: TRAI

NEW DELHI: There has been a decline of around 87 per cent in the number of complaints made against wrong activation of value added services (VAS) like mobile internet and caller tunes since July.

Resources TRAI

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories