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| Indiantelevision.com's News Room Headlines | ||
| TV18 to allocate 3 million shares for Rs 2 billion QIP issue | ||
| Indiantelevision.com Team | ||
| (1 June 2006 2:00 pm) |
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MUMBAI: Television Eighteen India Ltd. is, in its qualified institutional placement (QIP) issue, allocating 3.08 million shares at a price of Rs 650 per equity share. |
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| The company is raising Rs 1.99 billion
through QIP, TV18 said in a statement. Indiantelevision had earlier
reported that TV18 had mandated HSBC to raise this amount which would
be used to fund the company's expansion plans.
The QIP committee of the board of Television Eighteen India Ltd met on Thursday to approve the QIP proposal. |
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