T.V. Today Network Ltd - IPO

T.V. Today Network Ltd IPO Details

Public issue of 14500000 equity shares comprising fresh issue of 10000000 equity shares of Rs.5 each at a price of Rs. 95 for cash aggregating Rs. 95 crore and offer for sale of 4500000 equity shares of Rs.5 each at a price of Rs. 95 for cash aggregating Rs. 42.75 crore (hereinafter referred to as the Issue). The Issue would constitute 25% of the fully diluted post issue paid-up capital of the Company.The Issue is being made through 100% Book Building Process wherein up to 50% of the Issue shall be allocated to Qualified Institutional Buyers on a discretionary basis, 25% would be allocated to Non-Institutional Investors and 25% would be allocated to Retail Investors on a proportionate basis, subject to valid bids being received from them at or above the Issue Price.

Objective of issue

Upgradation of existing news channel. Pay channel infrastructure.

T.V. Today Network Ltd Contact Details

T.V. Today Network Ltd, Sri Padmavati Bhavan, Plot No 93 Rd No 16, MIDC Andheri (E), Mumbai - 400093

Phone - 91-22-28372385

Fax - 91-22-28201783

Email - investors@aajtak.com

Website - www.aajtak.in