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Global
News Broadcast to raise Rs 2.4 billion from Network 18 firm
Indiantelevision.com
Team
(9
August 2007 9:20 pm)
MUMBAI:
Global News Broadcast (GBN) board has approved a proposal to allot
three million convertible warrants at Rs 815 per warrant to Network
18 India Holdings. The conversion period is within 18 months.
Network
18 India Holdings is a wholly owned subsidiary of Network 18 Fincap.
According
to a release issued by GBN to the BSE today, the allotment would
be on preferential basis, subject to necessary approvals of shareholders.