Sri Adhikari Brothers promoted media broadcaster Broadcast Initiatives Limited (BIL) plans to tie up with ‘TV over Internet’ broadcaster JumpTV for its channel Janmat, reports Business Standard.
The price band for the BIL Janmat IPO, which opens today, has been fixed at Rs.100-120. BIL is in the process of launching a Marathi language channel called Mi Marathi, for which NDTV Media will sell airtime. The money raised via the IPO will be used to upgrade facilities, construct a studio and make equipment purchases, among other things. The issue closes on Feb 14th. More details at moneycontrol.com.
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