IBN18 Broadcast Ltd, Network 18 group media entity, plans to raise Rs 400 crore through equity and bonds to support business expansion plans.
The board of media entity gave its nod to proposal to raise through various financial instruments including overseas offering such as Global Depository Receipts, the company informed the Bombay Stock Exchange today.
The company will seek shareholders nod for proposal at extra-ordinary general meeting scheduled on October 01, 2008.
The company was stock is trading at 109.95 per share, up by 1.06 per cent over previous close on the BSE.
