News Broadcasting
UTV files IPO prospectus with SEBI
MUMBAI: UTV Software Communications Ltd (UTV), today filed the prospectus with the Stocks and Exchange Board of India for entering the capital market with a public issue of 5,999,950 equity shares of Rs10 each through a 100 percent book building process. The IPO is expected to happen sometime between September and November 2004.
The maiden public issue by UTV comprises a fresh issue of 3,000,000 equity shares and an offer for sale of 2,999,950 equity shares of Rs10 each. This includes a reservation of 299,950 equity shares for employees on a competitive basis. The net offer issue to public of 5,700,000 equity shares would constitute 31.68 per cent of the fully diluted post issue paid-up capital of the company, says an official release. For the 10-month period ending January 2004, the company posted revenues of Rs 871 million and a PAT of Rs 85.2 million.
The proceeds funds from the IPO will be used for enhancement of production facility and office infrastructure, investment in UTV’s own kids channel (Hungama TV), funding of SFX and post-production expansion, working on growth plans in studio and post production infrastructure to cope with its augmented requirements and capital requirements for its film movie distribution initiatives and general corporate purposes.
The issue, according to the company, is being made through 100 per cent book building process, wherein up to 50 per cent of the Net Offer Issue to Public will be allocated to Qualified Institutional Buyers on a discretionary basis, not less than 25 per cent of the Net Offer Issue to Public would be allocated to Non-Institutional Investors and not less than 25 per cent of the Net Offer Issue to Public, would be allocated to Retail Individual Investors on a proportionate basis, subject to valid bids being received from them at or above the Issue Price, says the release.
Claiming to be the only Indian content creation media company with multiple revenue streams from activities that span the gamut of media and include movie production, movie distribution, TV programming, animation, SFX, air time sales and investment in broadcast channels, UTV says its customer base includes companies like Walt Disney, Times Warner, Fox, National Geographic Channel and The History Channel.
The lead manager to the issue is Enam Financial Consultants and co-book running lead manager is IL& FS Investsmart. The shares are proposed to be listed on the Mumbai Stock Exchange and the National Stock Exchange.
News Broadcasting
Rising Bharat Summit 2026 spotlights India’s global ascent
PM Modi keynotes two-day event with ministers, diplomats and icons in New Delhi.
MUMBAI: India didn’t just host a summit, it threw a coming-out party for a nation ready to own the global stage. The News18 Rising Bharat Summit 2026, held on 27–28 February in New Delhi, emerged as a high-octane platform for ideas, vision and strategic dialogue, uniting national leadership, global policymakers, industry titans, defence strategists and cultural icons under the theme “Strength Within”.
Prime minister Narendra Modi set the tone with a keynote that framed India’s resurgence as a reclaiming of lost potential built over generations. “In previous industrial revolutions, India and the Global South were merely followers,” he said. “But in the era of Artificial Intelligence, India is a partner in decisions and shaping them.” He highlighted the country’s thriving AI startup ecosystem and the recent AI Impact Summit attended by over 100 nations.
Union minister Piyush Goyal (Commerce & Industry) stressed India’s readiness to scale exports and deepen manufacturing, while Ashwini Vaishnaw (Railways, I&B, Electronics & IT) positioned technology and infrastructure as twin engines of growth, especially in AI and digital trust. Jyotiraditya Scindia (Communications & North East Development) revealed India’s ambition to lead in 6G through the Bharat 6G Alliance and partnerships with over 30 countries.
Global voices added depth: former Singapore Foreign Minister George Yeo called India’s development “self-sustaining” and strategically vital; ex-UK Chief of Defence Staff General Sir Nick Carter asserted India deserves a seat at the great powers’ table; and former US Commerce Secretary Carlos M. Gutierrez joined ambassadors from Norway, Germany and Sweden in discussions on geopolitical realignment, sustainability and defence preparedness.
Other speakers included veteran investor Ramesh Damani, World Gold Council CEO David Tait, Vianai Systems founder Dr Vishal Sikka, DeepTech Bharat Foundation co-founder Shashi Shekhar Vempati, defence experts Rajesh Kumar Singh, Sunil Ambekar, Patrick McGee, Tom Cooper and Adrian Fontanellaz, plus cultural and sporting icons Kangana Ranaut, Saina Nehwal, PR Sreejesh, Mohammed Shami, Yuzvendra Chahal, Mithali Raj, Anil Kapoor and Yami Gautam.
The summit was supported by Jio Financial Services (Presenting Partner), Phonepe and DS Group (Co-Presenting Partners), Pernod Ricard India and Kia Seltos (Powered By & Driven By), state governments of Uttar Pradesh, Chhattisgarh and Uttarakhand (State Partners), and associate partners including NSE, M3M Foundation and Reliance Industries.
Broadcast live across News18 Network, CNBC-TV18 and CNBC Awaaz, the event reinforced India’s image as a confident democracy and emerging global power proving that when strength comes from within, the world can’t help but watch.
