Raj Television Network Ltd - IPO

Raj Television Network Ltd IPO Details

Public issue of 35,68,250 equity shares of face value of Rs.10/- each at a price of Rs.257/- for cash (including premium of Rs.247/- per share) aggregating Rs.91.70 Crores, consisting of a fresh issue of 22,70,700 equity shares by Raj Television Network Limited ('company' or 'issuer') and an offer for sale of 12,97,550 equity shares by selling shareholders (hereinafter referred to as the issue.) The issue comprises a net issue to the public of up to 32,43,866 equity shares of Rs. 10 each (the net issue) and a reservation of up to 3,24,384 equity shares of Rs.10 each, for the eligible Employees of the company(employee reservation portion). The issue constitutes 27.50% of fully diluted post issue paid-up capital of the company.Issue Price is Rs.257/- per Equity Share of Face Value Rs.10/- each.The issue price is 25.7 times of the face value

Objective of issue

Strengthen Facili. enhanc. content & Cont. Acquis.. Launching a new Television Channel. Broadcast of Existing Channels in the Intl. Market. To Produce Short-films/Tele-Films. Acquisition and Export of films in Intl. Market. To Construct new studio premises. To Finance General Corporate Purposes.

Raj Television Network Ltd Contact Details

Raj Television Network Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - redressal@rajtvnet.in

Website - www.rajtvnet.in