- Will press fresh charges against Tejpal if needed: Goa policeCops yet to grill Tarun Tejpal, Police quizes 3 Tehelka employees in sexual assault caseTehelka sexual assault case: NCW seeks protection for woman journalistGoa CM Parrikar calls Tehelka sexual assault case 'a result of lack of moral values'
color="#0260a8">Tehelkafor the ad space was Rs 1.99 crore. Another major expense of Thinkworks is shown as payment of Rs 1.79 crore for “Employee Benefits Expenses”, which includes salary of Rs 1.78 crore.
A spokesperson for Essar, the principal sponsor of THiNK Fest since 2011, told The Indian Express, “Our understanding of the event is that it is organised by Tehelka magazine.” A senior official in Kerala Tourism Department, a co-sponsor, shared the Essar spokesperson’s view.
This year, THiNK Fest secured sponsorship worth Rs 17 crore from 34 entities, according to market sources.
Stake in Anant Media
Though Tarun Tejpal was the promoter of Anant Media, which publishes Tehelka and allied publications, he and his immediate family owns only 23.25 per cent stake in it and Shoma Chaudhury owns 1,000 shares or 0.5 per cent stake.
Till March 31, 2011, Tejpal and his family and friends held approximately 47 per cent stake in Anant Media. In 2009-10, the firm was making a loss of Rs 39.5 crore, which increased to Rs 55 crore in 2010-11 and then to Rs 66 crore the following year. It was during this time that industrialist and Rajya Sabha member K D Singh brought in investment to Anant Media through direct and indirect holding.
RoC filings show that in 2010-11, there was share application money, on the account of the premium payable on shares to be issued, amounting to Rs 27.7 crore lying with Anant Media. In 2011-12, the K D Singh-controlled Royal Building and Infrastructure Pvt LtD, which is based in Chandigarh, became a shareholder through addition equity infusion into Anant Media through 1,01,371 shares. In 2011-12, the share premium account shows an infusion of Rs 25.3 crore.
This implies that 1,01,371 shares of Anant Media, which suffered a loss of Rs 55 crore the previous financial year, was bought at a premium of Rs 5,228.3 per share. With the fresh equity infusion, Royal Building and Infrastructure owns 65.75 per cent stake in Anant Media, becoming the majority shareholder of the publishers of Tehelka magazine. Royal Building and Infrastructure also extended