Network18 gets shareholder nod to raise up to Rs 1,000 cr

Network18 Media & Investment today said its shareholders have approved a proposal to raise up to Rs 1,000 crore through issuance of non-convertible debentures (NCDs), foreign currency convertible bonds and/or bond with share warrants in one or more tranches.
The company had tabled a special resolution to raise the amount of Rs 1,000 crore through issue of secured/unsecured non-convertible debentures (NCDs), foreign currency convertible bonds and/or bond with share warrants in one or more tranches at its annual general meeting held on September 28.
Network18 Media & Investment said 98.94 per cent of votes were polled in favour of the resolution.

The stock closed at Rs 48.10, down 1.64 per cent on BSE.