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TV18 Broadcast shines on getting rating affirmation for FD programme

06 Nov 2013 Evaluate

TV18 Broadcast is currently trading at Rs. 24.20, up by 0.10 points or 0.41 % from its previous closing of Rs. 24.10 on the BSE.

The scrip opened at Rs. 24.20 and has touched a high and low of Rs. 24.45 and Rs. 23.70 respectively. So far 478723 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 38.45 on 07-Jan-2013 and a 52 week low of Rs. 15.80 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 24.85 and Rs. 23.00 respectively. The current market cap of the company is Rs. 4107.98 crore.

The promoters holding in the company stood at 57.04% while Institutions and Non-Institutions held 11.75% and 31.21% respectively.

Credit rating agency, ICRA has affirmed the credit rating for the Fixed Deposit (FD) programme of TV18 Broadcast as ‘MA-‘ with stable outlook on this rating. The credit rating agency has assigned credit rating of ‘BBB+/A2+’ for the bank facility amounting Rs 25 crore of the company. It has also reaffirmed the long - term rating of ‘BBB+’ for the bank facilities amounting Rs 345 crore of the company. The outlook on the long-term rating is stable.

Further, the credit rating for the Commercial Paper of Rs 200 crore of the company has been reaffirmed as ‘A1+/ (SO)’. Investments with ‘A1’ rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

TV18 Broadcast formerly IBN18 Broadcast owns and operates one of India's leading 24-hour English language news and current affairs channel, CNN IBN. TV18 Broadcast is focused on producing high quality news programming and to capture news and events around the world.

TV18 Broad (Amalgam) Share Price

45.34 0.00 (0.00%)
15-Oct-2024 16:01 View Price Chart
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