| MUMBAI:
In a fresh disclosure, TV18 has said that its promoters have pledged 39.65 million
shares, representing 33.08 per cent stake in the company. With this, the total
pledged stake of TV18 goes up to 34.60 per cent. The
promoters have pledged 21.05 per cent stake for loans taken by Network18 Media
& Investments Ltd, the holding company, while 8.22 per cent is for debt taken
by TV18.
Earlier, TV18 had disclosed that the promoters had pledged 1.52 per cent stake.
In
a separate filing, Network18 declared that two of its promoters (RB Investment
and Ritu Kapoor) have pledged 9.56 per cent stake. "6.47 per cent has been
pledged for a long term loan taken by TV18 from State Bank of India," the
company said. With
the latest disclosure, Network18’s total pledged stake stands at 24.76 per
cent. Earlier,
Network18 had disclosed that its promoter Raghav Bahl had pledged 15.2 per cent
stake (9.39 million shares) with State Bank of India and Sicom for a loan of Rs
940 million. The 1.58 per cent stake with Sicom is for an existing loan of Rs
190 million availed by Network18 due to be repaid on or before 2 June, while the
remaining 13.62 per cent (8.35 million shares) was pledged with SBI for an existing
loan of Rs 750 million availed by TV18 India Ltd. Also
read: Media
company promoters pledge shares to fund expansion | 
