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MUMBAI:
Sri Adhikari Brothers (SAB) Television Network Ltd has secured
foreign currency convertible bonds aggregating $7 million,
subject to over-allotment of $3 million.
The
amount raised will be invested to fund the company's expansion
plans. Speaking to Indiantelevision.com, SAB network's
vice-chairman and managing director Markand Adhikari said
that the company has identified land for building a television
studio.
"We
plan to build a state-of-the art television studio, that will
be built in the next one year or so. We are in the process
of acquiring land close to our office in Mumbai," he
said.
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