Reserve Bank of India (RBI) has notified that Non Resident Indians (NRIs) can now invest up to 24 per cent of the paid up capital of TV Today Networks under the Portfolio Investment Scheme (PIS). The company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by NRIs.
TV Today Network (TVTN) operates news channels and is promoted by Living Media India (LMIL). The latter had been conducting news broadcasting business through one of its divisions, 'TV Today Division' since 1994. TV Today Division has now been transferred to TVTN. It runs 24 hours news & current affairs channels, namely, 'Aaj Tak', ‘Tez’ and ‘Delli Aaj Tak’ in Hindi and 'Headlines Today' in English.
Company Name | CMP |
---|---|
Zee Entertainment | 165.95 |
Sun TV Network | 781.10 |
GTPL Hathway | 174.25 |
TV18 Broadcast | 44.93 |
Den Networks | 53.53 |
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