GECs
UTV Software Communications to list on 17 March
MUMBAI: UTV Software Communications Ltd’s IPO (initial public offering), which closed on 25 February with a total demand for 26.12 times the issue size of approximately seven million shares will list on 17 March 2005 at National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
The company received bids for about 185 million shares and the size of the issue was Rs 910 million at the upper end (Rs 130) of the price band.
The Book Running Lead Manager to the Issue was Enam Financial Consultants Pvt. Ltd. with IL&FS Investsmart Ltd being the Co-Book Running Lead Manager. Karvy Computershare Pvt LTD was the Registrar to the Issue.
Merchant banking sources have added that over 2.85 lakh bids were received for the issue with the Qualified Institutional Buyers quota being oversubscribed 18.6 times, the Non-Institutional Buyers quota being oversubscribed 33.12 times and retail 35.9 times.
The proceeds from the IPO will be used for enhancement of production facility and office infrastructure, investment in Hungama TV, funding of SFX and post-production expansion, investment in movie production and distribution initiatives and general corporate purposes.
The issue comprised a fresh equity of 4,500,000 shares of Rs 10 each and offer for sale by CDPQ, a Canadian private equity investor, of 2,499,950 equity shares of Rs 10 each for cash. 349,950 equity shares were reserved for employees on a competitive basis with a net issue to the public of 6,650,000 equity shares. The net issue to public constituted 34.11 per cent of the fully diluted post issue paid-up capital of the company.
GECs
Sony PAL to air Sankat Mochan Hanuman from May 4 at 9 PM
Mythological series brings Lord Hanuman’s tale of devotion and courage back to TV
MUMBAI: Sony PAL is set to bring back the timeless mythological series Sankat Mochan Hanuman, with its premiere scheduled for May 4 at 9 PM. The show revisits the legendary journey of Lord Hanuman, offering viewers a chance to reconnect with one of Indian mythology’s most revered figures.
Centred on themes of devotion, courage and righteousness, the series traces Hanuman’s unwavering loyalty to Lord Ram and his fearless stand against evil. With its mix of dramatic storytelling and visually rich sequences, the show aims to deliver both entertainment and spiritual resonance, appealing to audiences across age groups.
The narrative unfolds as a larger-than-life saga, positioning Hanuman as the ultimate protector and a symbol of strength and selfless service. His journey, rooted in faith and duty, continues to strike a chord with viewers, making the series as relevant today as ever.
The cast features Gagan Malik as Lord Ram, Debalina Chatterjee as Sita, Nirbhay Wadhwa in the titular role, and Saurav Gurjar as Raavan. Their performances bring depth and authenticity to characters deeply embedded in Indian cultural memory.
With its return to television, the show is positioned as more than just a rerun. It taps into a renewed appetite for mythological storytelling, blending nostalgia with timeless values.
As audiences increasingly seek content that resonates beyond entertainment, ‘Sankat Mochan Hanuman’ offers a familiar yet powerful narrative, reminding viewers that stories of faith and courage never really go out of style.
