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Article: Network 18's Raghav Bahl pledges 15.20 pc stake.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 6, 2009
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Network 18's Raghav Bahl pledges 15.20 pc stake
Mumbai, Feb 6 (PTI) Diversified media firm Network 18 Media & Investments today said one of its promoters Raghav Bahl has pledged 15.20 per cent stake with a bank and a financial institution for a loan of Rs 94 crore.
In a filing to the Bombay Stock Exchange, the company said that Bahl has pledged in total 93.90 lakh shares, representing 15.20 per cent stake, for a loan of Rs 94 crore with Sicom and State Bank of India.
The promoter has pledged 10.35 lakh shares, or 1.58 per cent, with Sicom for an existing loan of Rs 19 crore availed by Network 18 India Holdings (subsidiary of Network18) due to be ...