TV Today Network Limited — Board Meeting, 26-03-2025: Outcome of Board Meeting
26-03-2025 · 05:55 pm
The Board of Directors of T.V. Today Network Limited has announced a board meeting to approve an investment of ₹9.40 Crore in Vibgyor Broadcasting Pvt. Ltd., a wholly-owned subsidiary. This investment involves the subscription to 94,00,000 equity shares at a face value of ₹10 each as part of a rights issue. The objective is to ensure Vibgyor maintains a requisite net worth to meet regulatory requirements for acquiring the company's FM radio broadcasting operations. The rights issue process is expected to be completed within 60 days.
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