GBN to change name to ibn18 Broadcast

MUMBAI: Global Broadcast News (GBN) will be changing the name of the company to ibn18 Broadcast. For this purpose, the members of the company are going to have an extra ordinary general meeting (EGM) on 10 March.

GBN currently operates English news channel CNN-IBN and Hindi news channel IBN 7. It has already entered into an equal joint venture with Lokmat to launch a Marathi language news channel. GBN is also launching a general entertainment channel (GEC) in a joint venture with Viacom.

Meanwhile the GBN board has approved a proposal to raise up to Rs 6 billion through qualified institutional placement (QIP). The company has also got FIPB (foreign investment promotion board) clearance to raise up to Rs 5 billion.