Two Raj TV promoter increase their equity shareholding

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.