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NDTV'S UK SUBSIDIARY RAISES US$120 MLN IN PRE-IPO PLACEMENT.
MUMBAI, June 1 Asia Pulse - Television broadcaster New Delhi Television (NDTV) (BSE:532529) Thursday said its UK subsidiary NDTV Networks Plc has completed pre-IPO fund raising programme by garnering US$100 million through sale of bonds, besides US$ 20 million raised through preferred share placement earlier.
With this, the implied post-money valuation of NDTV Networks, after completion of this round of pre-IPO placements is around US$ 500 million, NDTV said.
"Along with US$20 million preferred share placement from Comventures, NDTV Networks has raised a total of US$120 million which will substantially cover the financing requirement of the various verticals of Networks Plc such as NDTV Imagine, NDTV Lifestyle, NDTV Convergence, NGEN ...
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