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Sun fixes share swap ratio of Gemini, Udaya merger
MUMBAI: Sun TV Ltd. has approved the share swap ratio for the merger of Gemini TV Pvt. Ltd. and Udaya TV Pvt. Ltd. with itself. The shareholders of Gemini will get 1.78 shares of Sun TV for every one share held. Gemini posted a revenue of Rs 1.75 billion and a net profit of Rs 451 million for the year ended 31 March 2006. The company owns Gemini TV, Teja TV, Gemini News, Gemini Music and Gemini Cable Vision.
Udaya shareholders will get 19.72 shares of Sun TV for every one share held. Udaya revenues for the last fiscal stood at Rs 943 million while net profit was at Rs 253 million. The company owns four television channels, Udaya TV, Udaya Movies, Udaya Varthegalu and Udaya TV II. All the divisions of Udaya, except the FM radio division, will be merged with Sun TV Ltd.
Sun will issue a total of 17.8 million shares to Gemini shareholders and 11.8 million shares to Udaya shareholders. On completion of the merger, the company is proposed to be renamed as Sun TV Network Ltd.
“After the proposed amalgamation and merger, the outstanding equity share capital of the company will increase from 68,889,155 to 98,521,155 equity shares of Rs 10/- each. The additional 29,632,000 shares proposed to be issued will constitute 30 per cent of the enlarged equity capital of the company,” Sun TV said in a statement.
The board of Sun took on record the suggestions made by Enam Financial Consultants and DSP Merrill Lynch and approved the valuation report submitted by the independent chartered accountant N Subramanian.
“Sun, Gemini and Udaya boards have approved the Scheme of Arrangement which governs the above amalgamation and merger,” the company said.
The merger, however, is subject to final approval by shareholders, creditors and the High Court.
With the merger, Sun will increase the number of television channels in its bouquet from six to 15. “The proposed amalgamation and merger will enable us to build a dominant presence in entire south India, and emerge as one of the largest and most profitable television broadcasters in India,” Sun said.
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
