News Broadcasting
Four Soft Limited to tap capital market in Dec ’03
MUMBAI: Four Soft Limited, an existing profit making and dividend paying company, engaged in the business of product development and sale of web-centric Enterprise Wide Solutions for the Supply Chain services industry, is tapping the capital market through the Initial Public Offer (IPO) route in December 2003. The company has already filed a draft prospectus to this effect with SEBI.
Four Soft Limited is making a public issue of 79,50,000 equity shares of Rs 5 each for cash at a premium of Rs 20 per share aggregating Rs 19.875 crore. The company’s paid up equity share capital would increase from the current Rs 11.89 crore to Rs 15.86 crore after the equity issue.
UTI Securities Limited is the Lead Manager to the issue, while Karvy Consultants Limited is the Registrar to the issue. The equity shares are proposed to be listed on the Mumbai Stock Exchange and the National Stock Exchange of India.
The proceeds of the issue would be utilised in the setting up of an international marketing network, to fund its inorganic growth initiatives, to expand the company’s existing facilities and to meet its product development and R&D expenses.
News Broadcasting
Mihir Bhatt appointed as chief content officer at News18 Studios
The media veteran brings two decades of experience across television, digital and radio to one of India’s biggest broadcast networks, Disney+ Hotstar, Discovery+
NEW DELHI: Network18 has a new strategist in the building. Mihir Bhatt, one of Indian media’s more versatile operators, has joined News18 Studios as chief content officer, stepping into a role that will see him shape content strategy, build multi-platform properties and drive brand partnerships across the network.
Bhatt brings more than two decades of experience spanning television, digital and radio, with a track record of doing something rare in Indian media: combining editorial ambition with hard commercial results. At Times Network, where he served as managing editor and chief business officer of Times Influence, he built one of the industry’s more respected content studios, launching marquee properties such as the India Economic Conclave, the Times Now Summit and Leaders of Tomorrow. He also pushed the network into premium OTT territory through tie-ups with Disney+ Hotstar and Discovery+.
His resume stretches well beyond the studio. Bhatt has led Global Investor Summits for multiple state governments, worked alongside the World Economic Forum and played a pivotal role in launching the Indian Pickleball League. Earlier, as editor of Zee Business, he pioneered investor education initiatives that are still cited as industry benchmarks.
At News18 Studios, Bhatt will report to chief executive S Shivakumar and will oversee the studios execution vertical alongside revenue verticals covering emerging markets and campaigns. Sidharth Saini, Hemanth Kumar and Nimar Sarkaria will work under him.
Rahul Joshi, managing director and editor-in-chief of Network18 Group, made the announcement in an internal communication. “Mihir’s ability to build enduring brands, foster strategic partnerships and navigate a rapidly evolving media landscape will be instrumental as we continue to strengthen our position and explore new avenues of growth in the Studios business,” Joshi said.
In a media industry lurching between disruption and reinvention, Network18 has bet on a man who has spent two decades thriving in exactly that chaos. Whether he can do it again, at greater scale, is the question worth watching.
