Post-IPO the holding of parent company Living Media in TV today
would go down to 55.7 per cent. The equity that will be held by
other significant stakeholders after the IPO are as follows: ICIC
Trusteeship Services 8.3 per cent; Anika International's stake would
go down to 0.7 per cent; Bharti Systel would go down to 4.1 per
cent and GE Caps at 6.2 per cent.
Although the issue size has not yet been defined in the draft prospectus,
the scrip will be listed on both the National Stock Exchange and
the Bombay Stock Exchange.
As already reported on indiantelevision.com, the market is abuzz
with news that TV Today Network would soon be starting road shows
in about 10 cities, including the four metros - Delhi, Mumbai, Kolkata
and Chennai - to create an awareness amongst the public and the
investor community about its IPO.
Merchant bankers JM Morgan Stanley are the lead managers for the
IPO that is being planned to hit the market around the third week
Today Network plans IPO by year end