Network 18 Fincap Ltd floats "E18"

Network 18 Fincap Ltd has announced that close on the heels of the announcement of their JY with Viacom Inc., TV18 Group has decided to enter the highly competitive sector of Entertainment & News / Information Events. It has floated a new division, christened E18, under Network18, the Group's listed Holding Company. They have appointed Farhad K Wadia as the Chief Executive Officer for the new operation. Farhad has 24 years of rich experience in Entertainment, Events and Marketing Promotions and has successfully staged over 300 events across the World.

E18 will try and dominate the Live Entertainment space by leveraging the various media brands owned and managed by TV 18 Group. E18 will be conceptualizing & staging large format events such as concerts by International Artistes, Bollywood Shows / Award nights in India & around the region. They will also conceptualize & execute large format Business Conferences, Conclaves & Seminars.

The stock was trading at Rs.466.50, up by Rs.0.80 or 0.17%. The stock hit an intraday high of Rs.478 and low of Rs.461.10. The total traded quantity was 13399 compared to 2 week average of 65862.

Source : Equity Bulls

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