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MUMBAI: Shares of Chennai-based Raj Television moved higher in trade on Thursday on reports that it has launched new channels in the states of Kerala and Andhra Pradesh.
At 11:00 am, the stock was at Rs 222.20, up 0.93 per cent, on the BSE. It touched a high of Rs 223.25 and a low of Rs 214.05 in trade today.
As per reports, the company will officially launch music, news and GEC channels by March. The new channels, at a capex of Rs 80 crore, are likely to be funded via debt and internal accruals.
The company may also look at raising funds in Q3-Q4 for further capex. It is expecting revenue of Rs 40-50 crore in one year from new channels.
http://articles.economictimes.indiatimes.com/2013-02-21/news/37222628_1_new-channels-raj-tv-raj-television
At 11:00 am, the stock was at Rs 222.20, up 0.93 per cent, on the BSE. It touched a high of Rs 223.25 and a low of Rs 214.05 in trade today.
As per reports, the company will officially launch music, news and GEC channels by March. The new channels, at a capex of Rs 80 crore, are likely to be funded via debt and internal accruals.
The company may also look at raising funds in Q3-Q4 for further capex. It is expecting revenue of Rs 40-50 crore in one year from new channels.
http://articles.economictimes.indiatimes.com/2013-02-21/news/37222628_1_new-channels-raj-tv-raj-television
