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Article: TV18 to raise Rs 510 cr via rights issue to repay debt.
- Article from:
- United News of India (UNI) (New Delhi, India)
- Article date:
- April 14, 2009
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New, Delhi,. Ma -- Television Eighteen India Ltd (TV18) today said it will raise Rs 510 crore through the rights issue of equity shares to repay debt.
The price of the share and other details of the issue will be decided before the date of the opening, the company said in a statement.
The company's founders will subscribe to the unsubscribed portion of the rights issue, it said.
It added that it will also increase authorised capital base from Rs 105 crore to Rs 205 crore, subject to necessary approval of the shareholders. Television Eighteen India Ltd (TV18) today said it will raise Rs 510 crore ...