TV Today Network has invested in 2,86,00,000 equity shares of Mail Today Newspapers (Indirect Wholly Owned Subsidiary) of Rs 10 each aggregating to Rs 28.60 crore (representing 16.67% of the increased paid-up share capital of Mail Today Newspapers) on December 7, 2017. Major part of the investment will be utilized by Mail Today Newspapers for repayment of its debts and the balance for its business operations.
Consequent upon the aforesaid investment, the company along with its wholly owned subsidiary company, India Today Online will continue to hold 100% of the paid-up share capital of Mail Today Newspapers.
TV Today Network is a holding company. The company is engaged in Television programming and broadcasting activities. The company operates in various markets, such as Television, Digital Media and Radio.
