Sun TV Network has spent an amount of Rs 355.77 crore towards capitalization of subsidiaries against the total projected utilization of Rs 572 crore (net of issue expenses) garnered through the Initial Public Offering (IPO) funds.
The company has also utilized Rs 133.84 crore towards launch of new channels and purchase of new equipment and up-gradation of existing equipment and Rs 62.34 crore towards construction of owned corporate office.
Besides, the balance proceeds from the IPO, after meeting the issue expenses, pending utilization have been invested in fixed deposits with banks.
Sun TV is second largest television network in India. It is world's no 1 Tamil channel that features movies, news, serials and shows -- 24 hours a day.
Company Name | CMP |
---|---|
Zee Entertainment | 150.65 |
Sun TV Network | 660.15 |
GTPL Hathway | 165.60 |
TV18 Broadcast | 42.71 |
Den Networks | 50.20 |
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