Television Eighteen declares 20 % interim dividend

MUMBAI: Raghav Bahl’s Television Eighteen India Ltd has informed the BSE that its board has declared an interim dividend of 40 per cent or Rs 2 per equity share of Rs 5 each.
Meanwhile, TV18 holding company Network 18 announced today that it has okayed the rights issue of partly convertible cumulative preferential shares (CCPS).
Network 18 shareholders will get one CCPS of Rs 200 face value for every five shares held.