Regulators

India's second radio operator MBL seeks to list

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/11/29/FM%20radio.jpg?itok=xsPCt7Ev

MUMBAI: Music Broadcast Ltd (MBL), the FM radio unit of the media house Jagran Prakashan backed by the private equity giant Blackstone, on Monday, filed draft documents with the capital markets regulator Securities and Exchange Board of India for an initial public offering.

ICICI Securities is the sole financial adviser for the issue. The IPO will comprise of a fresh issue aggregating upto Rs. 4,000 million (Rs 400 crore) and an offer for sale of up to 2,658,518 equity shares by certain existing shareholders of MBL. JPL is not selling any of its shareholding in MBL under the offer for sale portion.

MBL will be the second radio operator to list on BSE after Times Group's Entertainment Network India Ltd, which runs Radio Mirchi, India's top FM radio business label.

Jagran entered the radio segment with the acquisition of Music Broadcast Pvt Ltd in December 2014 from Rupert Murdoch-controlled 21st Century Fox's Star Group and the private equity company India Value Fund Advisors.

The company plans to use the proceeds to redeem non-convertible debentures, repay inter-corporate deposits as well as for general corporate purposes.

MBL has a presence in 29 cities. Its radio stations include eight Radio Mantra stations. The company says its radio stations reached out to 49.60 million listeners in 23 cities covered by AZ Research as on 31 March 2016.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/18/vimal.jpg?itok=4FIyqUMq
MIB issues advisory to curb surrogate advertising

NEW DELHI: Surrogate Advertising has been a very old debate in the India’s advertising industry. An alcohol brand can advertise in the garb of music CD or a gutka brand can talk about the great taste of saffron and circumvent the advertising code. The rule thus aims at prohibiting surrogate...

Regulators I&B Ministry
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/15/trai.jpg?itok=H6T7seIA
TRAI issues recommendations on cloud services

Following a multistage consultation process, the Telecom Regulatory Authority of India (TRAI) has released recommendations on cloud services. The regulatory body issued a consultation paper on 23 October 2019 inviting inputs on the number of industry bodies.

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/15/tele.jpg?itok=7auTWMMY
TRAI says nyet to regulating communication OTTs

The Indian communication OTT ecosystem can breathe easier now. After slapping oodles of regulation on the TV sector, as voiced regularly by the television broadcasting community, the Telecom Regulatory Authority of India.

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/10/subahsg.jpg?itok=nFtp6Jdi
Subhash Kamath elected as ASCI chairman

NEW DELHI: BBH & Publicis Worldwide India Chief Executive Officer Subhash Kamath has been elected chairman of the board of governors of the Advertising Standards Council of India (ASCI). The vote was held at the board meeting that followed the thirty-fourth annual general meeting this afternoon...

Regulators I&B Ministry
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/09/trai.jpg?itok=VrVh-ynI
NTO 2.0 update: Broadcasters conclude their argument before Bombay HC

KOLKATA:  As the ongoing legal battle between broadcasters and the Telecom Regulatory Authority of India(TRAI) in Bombay High Court nears its ending, the broadcasters have concluded their argument. On 18 September, the solicitor general will open for TRAI before the court. TRAI chairman R S Sharma...

Regulators High Court
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/08/mib.jpg?itok=05f1QAET
Co-production Treaty to take India-Italy cooperation to a new level: Minister, MIB

Mr Prakash Javadekar, Minister for Information and Broadcasting, Government of India, on Monday said that the Venice Film festival has stood as a symbol of recognition of cinematic excellence at an international platform. “Participation of India in Venice Film Festival 2020 as a focus country has...

Regulators I&B Ministry
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/31/sud.jpg?itok=WAXHgyFs
Delhi High Court stays the broadcast of Sudarshan News’ communal show

A major controversy erupted when Sudarshan News CMD & editor-in-chief Suresh Chavanke released a promo of his forthcoming episode UPSC Jihad of his television show Bindas Bol on Aug 25.

Regulators High Court
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/24/rs_sharma.jpg?itok=IU-Uf4hQ
TRAI always believes intervention should be limited to market failures: R S Sharma

The cable and broadcasting industry has been despondent of late due to several new regulations. Many of the stakeholders have complained about “over-regulation” stunning the growth of the business and causing unnecessary burdens.

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/24/pj.jpg?itok=mZ098XC2
Industry welcomes I&B ministry's guidelines to restart Film, TV and OTT production

Yesterday, Information and Broadcasting Minister Prakash Javadekar released a comprehensive set of standard operating procedures (SOPs) aimed at the resumption of production for film, television, and OTT originals. The announcement came in as a sigh of relief for many in the industry.

Regulators I&B Ministry

Sign up for our Newsletter

subscribe for latest stories

* indicates required