Online edition of India's National Newspaper
Saturday, Feb 18, 2006
Online edition of India's National Newspaper Saturday, Feb 18, 2006 |
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NEW DELHI: Sun TV is open to entering the mobile telephone and broadband space. The company, in its offer document submitted to the Securities Exchange Board of India (SEBI), disclosed that, "as part of our growth strategy, we may broaden our media presence through other platforms, including broadband, mobile and DTH''. After facing roadblocks over cross-holdings, the Direct-to-Home (DTH) application of Kalanithi Maran's Sun TV was finally cleared by the Company Affairs Ministry last year. The company is yet to start DTH services. Sun TV also added in its risk factors that, ``we may face significant challenges in our expansion efforts, including the availability of sufficient capital resources, adequate management attention and other forms of competition''. Sun TV, a leading television broadcaster in Tamil Nadu and Kerala, has filed the red herring prospectus for its proposed initial public offer. It intends to come out with a fresh equity issue of 68.89 lakh equity shares of Rs. 10 each for cash, to be made entirely through the book-building route. Sun TV hopes to raise Rs. 700-800 crore through the issue. — PTI
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Karnataka |
Kerala |
New Delhi |
Other States |
International |
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Miscellaneous |
Engagements |
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