Television

Raj TV Network plans to raise Rs 1 bn through IPO

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/07/25/Raj%20TV.jpg?itok=3mBHHDNS

MUMBAI: Raj Television Network plans to raise Rs 1 billion through its initial public offering (IPO). The issue proceeds will be used for launching a niche youth channel, producing telefilms, distribution of TV channels in overseas markets, creating a studio facility, strengthening existing content, and exporting films.

Post-IPO, the promoters' holding will drop from 100 per cent to 72.5 per cent. The IPO will consist of a fresh issue of 22,70,700 shares (15 per cent) and an offer for sale of 12,97,550 shares (10 per cent). Raj TV Network is also reserving 2.5 per cent as ESOPs.

"We expect to raise Rs 1 billion. The final value will, however, be determined through the book building process," Raj TV Network senior vice president, corporate planning and strategy Sathya Prakash tells Indiantelevision.com.

The company has earmarked Rs 106 million for launching a niche channel aimed at the youth while Rs 71.5 million will be for the studio and Rs 62.5 million towards telefilms. For beefing up content, Raj TV plans to spend Rs 90 million, Rs 50 million for export of films and Rs 37.5 million for distribution of TV channels in overseas markets.

"We plan to produce five telefilms a year which could also be released on multiplexes. We will be launching our channels internationally. These channels will have a component of local content in each of the markets," says Prakash.

Raj Television Network has already filed the draft red herring prospectus with the Securities and Exchange Board of India (Sebi) to enter the capital market with an offer of 35,68,250 equity shares of face value of Rs 10 each. The book running lead manager to the issue is Vivro Financial Services (p).

The company, which operates Tamil channels Raj TV and Raj Digital Plus, posted a revenue of Rs 320 million during 2005-06 fiscal and Rs 92 million for the first quarter ended 30 June 2006. Pay-TV revenue accounts for 30-35 per cent of the company's total earnings, says Prakash.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/21/MLS.jpg?itok=xZTjwzip
Major League Soccer to implement 'video review' from 5 August

MUMBAI: Major League Soccer has confirmed that, beginning 5 August, all MLS games, including the Audi 2017 MLS Cup Playoffs and MLS Cup, will incorporate Video Review. Headquartered in New York City, Major League Soccer features 22 clubs throughout the United States and Canada.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/21/Ajay-Devgn.jpg?itok=AVQjeNtC
Star Gold premieres 'Dhruva' on 23 July, Ajay Devgn lends voice

MUMBAI: Star Gold claims to have has become synonymous with setting new benchmarks for every film it premieres and the channel now takes it a notch higher by becoming the first Hindi Movie Channel to get a Bollywood megastar to dub for a movie Premiere.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/21/monica-tata-800x800_0.jpg?itok=1aBkaKIE
Scope for BTVi & two channels in biz genre, says Megha Tata

MUMBAI: While assessing business news viewership to be less than one per cent of the 183-million television viewing homes, BTVi aims to be among the top three channels as it grows two and a half times in six months flat. Business Television India (BTVi) will complete a year in August 2017 and its...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/21/Ayushamaan%20Bhava.jpg?itok=_x3TbdkE
Life OK rebranded as Star Bharat may start from 15 Aug

MUMBAI: Star India is planning to relaunch its existing general entertainment channel -- Life OK, renamed as Star Bharat. The channel plans to have modern outlook but Indian feel. According to reports, it will be relaunched with the new look on 15 August. Since 2011, the channel will be branded...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/20/queens.jpg?itok=zUgXlMIj
TLC to launch India's first-ever women's comedy show on 24 Sept

The comedy genre has exploded over the last few years in India with new comedy clubs sprouting and stand-up comedians achieving celebrity status. However, the limelight seems to be squarely focused on the men with very few women making a mark in this burgeoning space. Given the scenario, TLC, India...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/20/Vishal%20Gurnani.jpg?itok=MiXlW0gd
Dishum plans to break even in 3 yrs & a network soon, says Vishal Gurnani

MUMBAI: Vishal Gurnani-owned Dishum Broadcasting has announced the launch of its first Bhojpuri general entertainment channel Dishum. The channel will go live on 15 August. “To cater to 220 million population in India which understands and speaks Bhojpuri, there is only one GEC channel, that is...

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/19/DD-800x800.jpg?itok=bForoF4g
Doordarshan to acquire programmes for DD Kashir

NEW DELHI: Doordarshan has invited proposals from reputed Producers/ production houses for its 24x7 satellite channel DD Kashir under Fixed Budget Mode of Programmes Acquisition Category. These will be for telecast in accordance with the “Guidelines for Acquisition of Programmes.” Last date for...

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/19/game-on-thrones.jpg?itok=4BjXsl-D
Game of Thrones Season 7 starts on Hotstar, minutes after US showing

The highly anticipated premiere of Game of Thrones Season 7 launched on video-on-demand platform Hotstar on 17 July, with the first episode of the new season available for the audience to view within minutes of its American telecast.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/19/rahul.jpg?itok=TuP1Rgwb
Mukta div partners Mobikwik, offers 15% cashback on tickets

Mukta A2 Cinema, the cinema exhibition arm of Mukta Arts Ltd. – one of India’s esteemed film banners, has announced its association with a digital wallet company, Mobikwik. The cinema chain recently expanded their presence and now has 48 screens in their network.

Television Production House Post Production

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories