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.