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Network 18 Media gains as its arm to divest its stake in Stargaze Entertainment

09 Jan 2015 Evaluate

Network 18 Media & Investment is currently trading at Rs. 64.60, up by 0.15 points or 0.23 % from its previous closing of Rs. 64.45 on the BSE.

The scrip opened at Rs. 65.25 and has touched a high and low of Rs. 65.40 and Rs. 64.40 respectively. So far 61641 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 71.45 on 09-Jun-2014 and a 52 week low of Rs. 28.10 on 17-Feb-2014.

Last one week high and low of the scrip stood at Rs. 67.50 and Rs. 61.50 respectively. The current market cap of the company is Rs. 6757.18 crore.

The promoters holding in the company stood at 78.08 % while Institutions and Non-Institutions held 3.10 % and 18.82 % respectively.

Capital18 Fincap, venture capital arm of Network 18 Media & Investments, has entered into an agreement with Carnival Films to divest its stake in Stargaze Entertainment. Stargaze operates multiplexes in emerging urban centers of India under the brand name of 'Glitz Cinemas'. Capital 18 is a majority shareholder at Stargaze and the transaction, expected to be completed within the current financial year, will result in a profitable exit for Capital18.

Network 18 Media & Investments is one of India's leading full play media conglomerates with interests in television, print, internet, filmed entertainment, mobile content and allied businesses

Network 18 Media Inv Share Price

36.38 0.72 (2.02%)
17-Apr-2026 16:59 View Price Chart
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