BCCL picks 5% stake in Sahara One

Televisionpoint.com Correspondent
Bennett, Coleman & Company Ltd, BCCL, the largest publication house in India, will pick up about five per cent stake in the Sahara One Media and Entertainment. Sahara India Mass Communication Board of Directors have met on February 11, 2006 to approve this proposal of issuing 11,00,000 Equity Shares of Rs 10 each at Rs 344 per shares to BCCL on Preferential Basis.

The Sahara One board has approved the calling of Extraordinary General Meeting on March 08, 2006 to accord the consent of shareholders to issue Equity Shares to BCCL, the company informed the BSE.

Sahara One Television is part of the umbrella brand Sahara One, whose other businesses include Sahara One Motion Pictures, which is India's largest player in the motion pictures business. It recently launched its Filmy channel.

Stayed Tuned. For More ..