HUM TV - First media company to enter capital market
Posted on 06.26.05 by StockPK Team @ 12:29 am
Eye Television Network Limited, that has launched HUM TV as its Satellite TV channel, is all set to make its Initial Public Offering (IPO) on Monday and Tuesday (June 27-28). The event is significant in the sense that the company is the first media (electronic or newspaper) to seek listing at the stock exchanges.
Compared to that, there are about 50 media houses in India that have offered shares to the Indian Public. Zee Telefilms; TV 18; Adlabs Films and Balaji Films being some of the big names in the field. A few of them are extremely big success stories. In 2004 the share price of Zee TV shares of the par value of Indian Re1 touched as high Rs174.
