Mail Today Newspapers has got a boost of Rs. 28.6 crore from TV Today for repayment of debt and for business operations. Mail Today Newspaper is an indirect wholly owned subsidiary of the News broadcaster TV Today Network.
According to TV Today, “TV Today Network has invested in 2.86 crore equity shares of Mail Today Newspapers (indirect wholly owned subsidiary) of Rs 10 each aggregating to Rs 28.60 crore (representing 16.67% of the increased paid-up share capital of Mail Today Newspapers) on 07 December 2017. The investment will be used by Mail Today Newspapers for repayment of its debt and for its business operations.”
According to TV Today, “TV Today Network has invested in 2.86 crore equity shares of Mail Today Newspapers (indirect wholly owned subsidiary) of Rs 10 each aggregating to Rs 28.60 crore (representing 16.67% of the increased paid-up share capital of Mail Today Newspapers) on 07 December 2017. The investment will be used by Mail Today Newspapers for repayment of its debt and for its business operations.”
No comments:
Post a Comment