| MUMBAI:
Infomedia18, the TV18-owned publishing company, has fixed the price of its rights
issue at Rs 33.50 per equity share. The
company will issue 29.83 million equity shares, aggregating to Rs 1 billion.
The
issue of shares on rights basis will be in the ratio of three equity shares for
every two shares. The
rights issue price includes a premium of Rs 23.50 per equity share. The
rights issue will open on 29 December and close on 15 January, 2010.
Infomedia18,
which has presence in diverse business areas spanning business directories, magazine
publishing, printing services and publishing outsourcing, had posted a net loss
of Rs 846.54 million on a turnover of Rs 1.37 billion for FY'09.
The
shares of Infomedia18 rose 2.82 per cent to close Wednesday at Rs 78.35 on the
BSE. | 
