TV18 Broadcast is currently trading at Rs. 23.05, up by 0.20 points or 0.88% from its previous closing of Rs 22.85 on the BSE.
The scrip opened at Rs 22.95 and has touched a high and low of Rs 23.10 and Rs 22.90 respectively. So far 78630 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 36.10 on 23-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 24.35 and Rs 22.30 respectively. The current market cap of the company is Rs 3936.82 crore.
The promoters holding in the company stood at 57.04% while Institutions and Non-Institutions held 12.13% and 30.82% respectively.
TV18 Broadcast has successfully completed the acquisition of ETV Channels subsequent to receipt of all regulatory approvals. The company has completed acquisition of 100% interest in regional news channels in Hindi namely ETV Uttar Pradesh, ETV Madhya Pradesh, ETV Rajasthan, ETV Bihar and ETV Urdu channel; 50% interest in ETV Marathi, ETV Kannada, ETV Bangla, ETV Gujarati and ETV Oriya.
Besides, it has also completed acquisition of 24.50% interest in ETV Telugu and ETV Telugu News. The company will have board and management control of ETV News Channels and ETV non Telugu GEC Channels. The interest is being transferred to TV18 with effect from January 22, 2014.
In order to close the transaction, the company has paid a sum of Rs 2,053 crore in accordance with the Share Purchase Agreement and which is within the board approved outlay of up to Rs 2,100 crore for this acquisition. TV18 Broadcast is holding the 50% interest in ETV non Telugu GEC Channels as an asset held for sale since the interest in the ETV non Telugu GEC Channels is proposed to be transferred to an associate company.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 81.06 |
| Sun TV Network | 641.25 |
| GTPL Hathway | 69.83 |
| Network 18 Media Inv | 36.38 |
| TV Today Network | 114.27 |
| View more.. | |
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