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MUMBAI:
Chandigarh-based production house Kohinoor Broadcasting Corporation
Ltd (KBCL) is planning to raise up to Rs 1.3 billion via GDR
(global depository receipt) issue.
The
KBCL board has approved investments of Rs 500 million to be
made in the subsidiary companies.
KBCL
has also decided to increase the authorised share capital
of the company from Rs 1.16 billion to Rs 2.2 billion.
KBCL had earlier announced plans to launch a TV channel in
the UK. It was to also open a subsidiary company in the UK.
Also
Read:
Kohinoor
Broadcasting to launch TV channel in UK
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