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Raj TV + Mediaone Global Entertainment Bonus

August 16, 2007

Raj Television Network has announced that the company has launched Kalaignar TV and Raj Musix, an youth centric channel on 15 August 2007, evening.

Kalaignar TV is a general entertainment channel which will cater all sections of peoples in the society with mixed flavor of programs including movies, news, serials, children’s program etc. Raj Musix is a music channel and will consist of mainly youth generic programs.

The board of Mediaone Global Entertainment recommended the issue of bonus shares in the proportion of 5 equity shares for every 1 equity share. The board has also recommended the issue of rights shares in the proportion of 5 equity shares for every 1 equity shares of Rs 10 each at a premium of Rs 5 per share.

The board has decided to increase the authorised capital from Rs 1 crore to Rs 32 crore.

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