Network 18 Media & Investments
BSE: 532798|NSE: NETWORK18|ISIN: INE870H01013|SECTOR: Finance - General
39.70
-0.25 (-0.63%)
VOLUME 39,937
39.70
-0.2 (-0.5%)
VOLUME 135,258
| Company History - Network 18 Media & Investments |
1996 - The company was incorporated as a private limited company on
16th February 1996, which is a holding company of the TV18 group. IT
is a holding company of the TV18 group and has become one of the
strongest media houses in the country. It is also engaged in making
strategic/financial statements in media.
2006 - It was converted into a public limited company.
- Name of the company was changed from SGA Finance & Management
Services Private Limited to Network 18 Fincap Private Limited with
effect from April 12, 2006.
2007 - The company got listed on 2nd February 2007 on NSE and BSE.
The shares of the company of face value of Rs 5 each opened at Rs
312.10 at the NSE and at Rs 300 at the BSE.
- The company had planned to invest million in an entertainment
company that is The Indian Film Company.
- The company had formed 50 / 50 joint venture with Viacom-18.
- The film business of the company was proposed to be transferred to
MTV Networks India Pvt Ltd pursuance to a Business Transfer
Agreement.
- Name of the company was changed from Network 18 Fincap Pvt. Ltd to
Network 18 Media & Investment Ltd.
- Members of the company at annual general meeting held on 7th
September 2007 had approved annual accounts and annual reports of the
company.
2008 - Board of directors of the company had approved rights issue of
Partly Convertible Cumulative Preference Shares (CCPS) of Rs.200 (face
value) each in the ratio 1:5.
- Network 18 Media & Investments Ltd has appointed Mrs. Subhash Bahl
as a Director of the Company in the casual vacancy caused by the
sudden demise of Mr. P N Bahl.
-The company has issued rights in the ratio of 1:5 at a premium of
Rs.45/-Per Share. |
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| Source : Dion Global Solutions Limited |
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