Sar Televenture Limited — Important, 09-05-2025: General Updates

SAR Televenture has announced a board meeting on the financial results for the quarter and half-year. Its subsidiary, Fusionnet Web Services, raised capital via preferential allotment of 8.45 lakh shares at Rs 168/share and converted Rs 12.34 Cr loan from SAR into 7.34 lakh equity shares at the same price. SAR’s stake in Fusionnet diluted to 93.74% from 100%, aimed at fueling Fusionnet’s retail broadband expansion. No immediate financial impact on SAR; focus remains on scaling the subsidiary’s operations.