Two Raj TV promoter increase their equity shareholding

Two Raj TV promoter increase their equity shareholding

M Ravindran and R Vijayalakshmi through open market purchases have increased their equity shareholding in Raj TV.

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Two Raj TV promoters have increased their equity shareholding in the company. The two promoter shareholders who have increased their equity stake are M Ravindran and R Vijayalakshmi. R Vijayalakshmi has acquired 19100 shares carrying voting rights which amounts to 0.036 % of the total share. After the acquisition, the promoter’s equity shareholding in Raj Television Network Limited is holding 2984992 equity shares which amount to 5.74 % of the total share. Before the acquisition, the promoter’s equity shareholding in Raj Television Network Limited was holding 2965892 equity shares which amounted to 5.71 % of the total share.

The other promoter whose equity shareholding has increased is M Ravindran. M Ravindran has acquired 2030 shares carrying voting rights which amounts to 0.003 % of the total share. After the acquisition, the promoter’s equity shareholding in Raj Television Network Limited is holding 5758100 equity shares which amount to 11.09 % of the total share. Before the acquisition, the promoter’s equity shareholding in Raj Television Network Limited was holding 5756070 equity shares which amounted to 11.09 % of the total share.

Both acquisitions took place on 1st July 2019 through open market purchases. Raj Television Network Limited’s share price is currently Rs 40.55, down Rs 2.10, or 4.92%, from its previous close of Rs 42.65 on the BSE.

Raj Television Network incorporated in 1994 runs a dozen channels- Raj TV, Raj Music Tamil, Raj Digital Plus, Raj Music Kannada & Raj News Kannada, Raj Music Telugu & Raj News Telugu, Vissa-Telugu, Raj Pariwar-Hindi, Raj Music Malayalam & Raj News Malayalam.

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