UTV was up 6.56 per cent to 168.15 after it announced that it has entered into a joint venture with a Malaysian company. The scrip closed at Rs 157.80 on Friday. |
UTV has formed a joint venture with Astro All Asian Networks Plc of Malaysia to introduce two children's TV channels in South East Asia. |
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According to the agreement, Astro All Asian Networks would make the capital investments and UTV would be focussing on the content and marketing. |
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UTV posted a net profit of Rs 3.50 crore on net sales of Rs 42.57 crore for the quarter ended June 2005. |
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