• search

Sun TV raises Rs 600 crore in initial public offering

Written by: Staff

Mumbai, Apr 10 (UNI) Sun TV Ltd has raised Rs 600 crore(USD 134.2 million) in an initial public offering of 6.9 million shares, sources close to the development said today.

''The demand has been huge at more than 45 times the issue size, so there is no reason for pricing it lesser than the top end of the band,'' the sources said.

Sun TV is expected to announce a price of Rs 875 share later in the day, the source said. It had set a band of Rs 730-875 a share for bids.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more