GBN plans to raise up to Rs 600 cr

Agencies
Posted: 2008-02-15 18:08:03+05:30 IST
Updated: Feb 15, 2008 at 1826 hrs IST

Font Size

Feedback

Discuss

Govt to take action against deceptive advts Journalist Harish Khare to be PM's Media Adviser Zee News FY'09 net up 20%Jagran Prakashan Q4 net up 41%

Mumbai, February 15: : Global Broadcast News (GBN), which is part of media conglomerate Network18, on Friday said it plans to raise up to Rs 600 crore through issue of securities to Qualified Institutional Buyers (QIBs).

The firm would issue equity shares, fully convertible debentures and optionally convertible debentures, among others, it said in a filing to the Bombay Stock Exchange.

Further, the company plans to change its name to ‘ibn18 Broadcast Ltd’.

These proposals are subject to shareholders approval during the Extra Ordinary General Meeting (EGM) scheduled to be held on March 10.

Through its holding in GBN, Network18 operates general news channels CNN-IBN and IBN7.

Shares of the company closed at Rs 922, up 1.59 per cent on the BSE.

Discuss this story on expressindia forums

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Latest News

Print Edition

Events

GBN plans to raise up to Rs 600 cr

Post Comments