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Home > Business India > Company Profiles: Television Eighteen India Ltd.

Television Eighteen India Ltd.
Registered Office : 601 6th Floor Commercial Tower Hotel Le-Meridien New Delhi Delhi - 110001 Tel: 41506112
Business Group: Not Applicable Industry Type: Entertainment/Multi Media
Key Officials:
Ms. Subhash Bahl
Mr. G K Arora
Mr. Hari S Bhartia
Mr. Vandana Malik
Mr. Sanjay Ray Chaudhuri
Mr. Manoj Mohanka
Mr. Raghav Bahl
Director
Chairman / Chair Person
Director
Director
Whole Time Director
Director
Managing Director
Public Issue Date: 16/12/1999 BSE CODE: 532299 NSE CODE: TV-18EQ
Face Value: 5 Market Lot: 1 ISIN: INE889A01026
Current PE: 31.7735 Current Market Capital: 968.6097
Promoters %: 51.2188
Promoters Shares: 61240467
Institution Investment %: 31.5057
Institution Investment Shares: 37670257
Auditor:
Deloitte Haskins & Sells
Banker:
Registrar:
Karvy Computershare Private Ltd Plot No.17-24Vittal Rao NagarCyberabadMadhapurHyderabad 500081 Andhra Pradesh 23420815
Company History: 1993

- The Company was incorporated under the companies Act 1956 onSeptember 24th as a private limited company viz. Television EighteenIndia Pivate Limited. The Company was promoted by Mr. Raghav Bahl andMr. Sanjay Ray Choudhuri.

- The Company shot into prominence in its first year with the launch ofIndia's first ever show on satellite television - The India Show onStar Plus. The Company has won the Asian TV Awards for two yearsrunning.

1994

- The Company was converted into a public limited company u/s 44 of theCompanies Act and a fresh Certificate of Incorporation was received onJanuary 2 1995.

- The Company is the first independent production company contracted byBBC World to produce a weekly business news programme - India BusinessReport.

- It launched India's first street countdown show in English. The showwas called Public Demand on EL TV.

- It became one of the first TV companies in the country to have 2 fullfledged production bases in the country.

1995

- The Company entered into a programme production agreement with NBCAsia a division of NBC one of the world's leading broadcasters.

1996

- The Company set up a wholly owned subsidiary in Mauritius viz.Television Eighteen Mauritius Limited after receiving requisite consentfrom the Department of Companies Affairs and the Reserve Bank of India.

- Mauritius Limited is a subsidiary of the Company TEML is also awholly owned subsidiary of TV18.

- The Company through its Mauritius subsidiary entered into a JointVenture to launch Asia Business News India (ABNi) the country's firstdedicated 24-hour business news and information channel.

1997

- The Joint Venture to launch Asia Business News India suffered a majorsetback as ABNi closed down following the worldwide merger of ABN withCNBC.

- Its joint venture with Asia Business News India (ABNI) suffered asetback after the latter closed down following the worldwide merger ofABN with CNBC.

1998

- A separate 51:49 joint venture has been entered into with TV18 toform CNBC India. This makes TV18 the only Indian production company tohave a substantial stake in the Indian venture of a global broadcaster.

1999

- There was a fire at the premises of the Company in April. It damagedthe premises computer network air conditioning furniture and some ofthe equipment.

- Television Eighteen India (TV 18) is engaged in generation ofprogramming content for TV channels.

- The company proposes to use the synergy of its existing businessoperations to launch a web portal for a range of information andservices.

- A joint venture has been formed between Television Eighteen MauritiusLtd (TEML) a wholly-owned subsidiary of TV 18 and Business News (Asia)Private Ltd (which owns the CNBC Asia brand) to launch CNBC India.

- Television Eighteen India Ltd a television software productioncompany is planning to invest Rs. 3.5 crores to set up Web-basedbusiness and entertainment portals.

- The company is slated to enter the primary capital market with itsinitial public offer of 29.36 lakh shares at Rs. 180 per share onDecember 16.

2000

- Televisions Eighteen India is likely to be listed on the Delhi StockExchange in a week's time.

- Television Eighteen had offered 27.36 lakh shares at a price of Rs180 to the public and had reserved 2 lakh shares at Rs 180 on a firmallotment basis to Alliance Capital Tax Relief Fund 96 Alliance EquityFund Alliance Monthly Income and the Alliance 95 Fund.

- TV-18 has a versatile programme mix like business news entertainmentnews popular non-fiction programming including chat shows musicshows game shows and prime time drama. It is also the only producerin India which can boast of relationship with practically all leadingtelevision channels in India such as CNBC Asia Doordarshan Zee TV Sony Entertainment Television MTV Star Plus etc.

- TV 18 produces software for television channels such as CNBC andStar.

- The Company entered into a joint venture agreement with VertxBroadcasting Corporation which is in the business of setting up andrunning of FM radio Station in various locations in the country.

- The Company approved to offer Sony Entertainment Television theoption to acqire from its wholly owned subsidiary namely TelevisionEighteen Marutitus Ltd. upto 20% of the equity capital of CNBC IndiaLtd.

- The Company has entered into a business-newscontent-sharing alliancewith e-Financial Express (e-FE) effective 16th May.

- The Company's Internet-focused subsidiary e-Eighteen Dot Com Pvt.Ltd. has acquired Money Control Dot Com Ltd. which owns the personalfinance portal www.moneycontrol.com.

- Telvision Eighteen India a content provider for business news andentertainment has roped in a strategic investor which will pick up a40 per cent stake in a new company to launch its proposed televisioninfotainment channel and broadband portal.

- The Company has informed that e-Eighteen TV 18's internet focussedsubsidiary has entered into multiple alliances with leading onlinebrokers including Ask Raymond James Hometrade Indiabulls InvestsmartIndia and Khandwala Securities with a strategic objective to extend itsaudience reach and relationship by offering transacton capabilities.

- The Company's internet focussed subsidiary e-Eighteen.com Pvt. Ltd.(e18) has signed an agreement with ICICI Venture Funds to take a 10 percent equity stake in the e18.

2001

-Joint venture between Television Eighteen (TV-18) and CNBC Asia has announced India's first awards for excellence in fund management called CNBC India-BNP Paribas Mutual Fund of the Year.

-TV18 infotainment channel launch put off

2002

-TV 18 Board authorised to issue shares on preferential basis

-Octopusvc Ltd has proposed to acquire 7 00 000 equity shares of the company representing 6.01% of the voting rights by way of preferential allotment at a price of Rs 88 per share

2003

-TV 18 rights issue oversubscribed

-Increases stake in CNBC-TV18 channel from 49% to 90%

-Reliance Vision Fund and Reliance Growth Fund Schemes of Reliance Capital Mutual Fund(Acquirer) have purchased 9 70 000 shares representing 7.98% of the total paid up capital of Television Eighteen Limited (Target Company).

-To issue and allot two equity shares to every holder of one ZCSPCD as on the record date November18 2003 provided that the ZCSPCD has been fully paid up.

-The business channel in association with Idea Cellular Ltd hosted 'The power of Idea' at The Grand Bhagwati in Ahmedabad on Nov 24

-Announced the launch of a nationwide business school competition Trial By Fire to test how prepared management students are for the pressures of work life.

- ICRA has upgraded the rating assigned to Rs 13.44-crore for debenture scheme

-Promoters sell 1 million shares

-CNBC-TV18 is introducing two new shows Tonight at 10 and Encounter. Business@10 is being replaced by Tonight at 10 a current affairs show featuring Karan Thapar from Monday to Thursday while feature journalist and political commentator M.J. Akbar will host Encounter on Fridays.

-Reliance Capital Asset Management Limited has informed that Reliance Vision Fund - Scheme of Reliance Capital Mutual Fund has acquired 4 70 933 equity shares representing 3.24% of the total paid up share capital of Television Eighteen India Ltd

2005

-Television Eighteen India launches Fixed Deposit Scheme

- Television Eighteen India Ltd forms a new venture called Broadcast News in collaboration with the TV18 Group to launch television channels in the news and information space.

2006

-TV18 appointed Mr Sundeep Malhotra as new CEO for Home Shopping Network

(Source: RTGSL)


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