TV Today Network Limited — Important, 26-03-2025: General Updates

T.V. Today Network Limited has announced a board meeting where the proposal to invest Rs. 9.40 Crore in Vibgyor Broadcasting Pvt. Ltd., its wholly-owned subsidiary, was approved. This investment will involve the subscription to 94,00,000 equity shares at a face value of Rs. 10 each as part of a rights issue. The primary goal is to ensure Vibgyor meets the net worth requirements set by the Ministry of Information and Broadcasting for future business transactions, particularly the acquisition of FM radio broadcasting operations. This strategic move may enhance Vibgyor's operational capabilities, fostering a potentially positive outlook among investors.