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UTV plans to list broadcasting biz
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Quote:Founder-promoter Ronnie Screwvala is on the hunt for funds again. He believes that diluting further equity in UTV Software Communications (UTV) is not the best option. His clear preference at this stage is to list the broadcasting business separately, after combining it with the television content segment.

The plan to combine all small screen businesses together for a public offer is timely. UTV's four television channels - UTV Movies (Hindi movie channel), UTV Bindass (youth entertainment channel), UTV Action (dubbed Hollywood channel) and UTV World Movies (world movie channel) - have crossed the investment stage. Fund requirement now will be directed towards building library and catalogue of Hindi, Hollywood and World Movie titles for multiple years.

Go indiantelevision.com
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