Posts filed under 'Media, Entertainment & Advertisement Sector'
Booming economy, growing income levels and increased spending trends and lifestyles are all very much visible in India. Needless to say both Domestic and International corporates are very much serious about India. Sectors like the Retail, Telecom and Media & Entertainment will be the first picks considering they are more close to the public compared to others.
Latest news from a business television channel, according to its sources, is that Walt Disney is looking for increasing its presence in India. Walt Disney already has a stake of about 14% in UTV, a well known media house in India and increasing this stake would be logically an easy step. Walt Disney already has bough Hungama TV from UTV sometime back.
With this news, the Indian Media section is all set to get an additional attention.
November 7th, 2007
The derivative contracts in the underlying ADLABSFILM have crossed 95% of the market-wide position limit on 2-Nov-2007. It is hereby informed that all clients/ members shall trade in derivative contracts of ADLABSFILM by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.
November 2nd, 2007
The media had reports that UTV Software Communications Limited may sell a minority stake in its broadcast unit.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
UTV Software Communications Limited has vide its letter inter-alia stated, “We have to say that, the Company keeps evaluating various options to fund the Broadcasting initiatives, this may include sale of equity stake. The Company has been in discussions with various investors, however, no such specific proposal / investor has been finalized, except a joint venture business with Astro Multimedia International (BVI) Limited (”Astro”) for establishing a television channel as informed on 24th November 2006, which is subject to regulatory approvals. Suitable intimation will be given to the Stock Exchange as and when any such specific proposal / investors are approved by the Board.”
September 17th, 2007
NSE Press Release
The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. March 16, 2007. Trading shall be in the Normal Market Segment – Compulsory Demat (Rolling Settlement) for all investors.
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Sr. No.
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Symbol
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Name of the Company
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ISIN Code
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1
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RAJTV
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Raj Television Network Limited
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INE952H01019
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March 14th, 2007
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