Bahl-promoted Network18 group companies are on a fund-raising spree. IBN18 Broadcast
said Thursday it would raise up to Rs 5.10 billion through a rights issue, much
in line with TV18 which has taken an enabling resolution to mop up a similar amount.
board has approved the rights issue of equity shares aggregating to Rs 5.10 billion,
IBN18 Broadcast said in a filing to the BSE.
pricing, ratio, timings and other terms of the rights issue shall be decided by
the issue committee of the board of directors, in consultation with the lead managers,"
the company added.