GECs
UTV IPO oversubscribed 26 times; to be listed around 18 March
MUMBAI: UTV Software Communications Ltd is likely to be listed around or on 18 March, according to book running lead manager of the issue Enam Financial Consultants.
UTV’s initial public offering (IPO) was oversubscribed 26.35 times when it closed on 25 February. The size of the issue was Rs 910 million at the upper end (Rs 130) of the price band and Rs 805 million at the lower end (Rs 115) of the price band.
Merchant banking sources said over 2,80,000 bids were received for the issue with the Qualified Institutional Buyers quota being oversubscribed 18.6 times, the Non-Institutional Buyers quota being oversubscribed 35 times and retail 38.6 times.
The issue comprises fresh equity of 4,500,000 shares of Rs 10 each and offer for sale by CDPQ (a Canadian private equity investor) of 2,499,950 equity shares of Rs 10 each for cash. It consists of 349,950 equity shares reserved for employees on a competitive basis and a net issue to public of 6,650,000 equity shares. The net issue to public would constitute 34.11 per cent of the fully diluted post issue paid-up capital of the Company.
As reported earlier, the IPO is being made through 100 per cent book building process wherein up to 50 per cent of the net issue to public shall be allocated to Qualified Institutional Buyers on a discretionary basis, not less than 25 per cent of the net issue to public would be allocated to Non-Institutional Investors and not less than 25 per cent of the net issue to public, would be allocated to retail individual investors on a proportionate basis. This will be subject to valid bids being received from them at or above the issue price.
The proceeds from the IPO will be used for enhancement of production facility & office infrastructure, investment in the ‘Kids Channel’ (Hungama TV) project, funding of SFX & post-production expansion, investment in movie Production and distribution initiatives and general corporate purposes.
GECs
Asianet Television Awards 2026 celebrates women power in Malayalam TV
“She is the Colour” theme honours icons as ceremony airs on March 14 and 15 at 7 PM.
MUMBAI: If television lights up living rooms, this year Asianet decided to let women provide the colour. The Asianet Television Awards 2026 turned the spotlight firmly on women empowerment with the theme “She is the Colour”, celebrating the strength, resilience and achievements of women who continue to shape society and the Malayalam entertainment industry.
The ceremony honoured several distinguished personalities whose journeys have left a lasting cultural imprint. Among them was legendary playback singer Vimala Varma, widely recognised as the first Malayalam playback singer. The evening also paid tribute to Padma Shri awardees Devaki Amma and Vimala Menon for their exceptional contributions in their respective fields.
Leading women from the Malayalam film industry were also recognised during the event, including actor Shweta Menon, who currently serves as president of the Association of Malayalam Movie Artists, and National Award winning actor Surabhi Lakshmi.
The awards ceremony brought together a glittering lineup of actors and industry figures, including Jayasurya, Vijay Babu, Asha Sarath, Lena, Esther Anil, Anumol, Akhila Bhargavan, Sarayu Mohan, Prajod Kalabhavan, Gayathri Suresh, Sabumon Abdusamad, Swasika, Tini Tom, Sijoy Varghese, Kailash, Veena Nandakumar, Sabareesh Varma, Ansiba Hassan and Dinesh Prabhakar. Kishan Kumar, executive vice president Malayalam at JioStar, was also present at the event.
Beyond individual recognitions, the awards celebrated excellence across Malayalam television, acknowledging artists and technicians whose work continues to drive the industry forward.
The evening also offered plenty of spectacle, with elaborate dance performances, stunt acts and comedy skits performed by popular television and film personalities, turning the ceremony into a full fledged entertainment showcase.
Viewers will get to watch the celebrations when the Asianet Television Awards 2026 air on Asianet on March 14 and 15, Saturday and Sunday, from 7 pm onwards, bringing the star studded tribute to homes across Kerala and beyond.
