In a communication to the Bombay Stock Exchange (BSE), the media player informed that this amount should not exceed Rs 72.61 crore of the balance standing in the securities premium account as on September 30, 2003 for setting off the permanent diminution in the value of investments of Rs 19.73 crore in the equity shares capital and of Rs 52.88 crore in the preference share capital in SABe TV Ltd, a wholly-owned subsidiary of the company SAB TV launched its hindi entertainment channel SAB TV on SKY`s DTH platform in UK last month. It is a digital, free to air 24 hours entertainment channel.
Television Eighteen India board, at a meeting held today, has approved the issue and allotment of two equity shares, to every holder of one zero coupon secured partly convertible debentures as on the record date November18, 2003, provided that the zero coupon secured partly convertible debentures has been fully paid up.
Effective November 18, the face value of the fully paid zero coupon secured partly convertible debentures is reduced to Rs 130. On Friday, the stock eneded at Rs 176.30, down 0.14 per cent from the previous close of Rs 176.5.
