Network18 – hike in FII limit to 49%

Network18 says that the board has approved the hike in FII limit to 49%. The board has approved an issue of 2.5 crore equity shares including preference allotment.

Raghav Bahl will infuse Rs 200 crore at over 50% premium. The promoter infusion will create headroom for further 20% placement.

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Tagged as: hike in FII limit to 49%, Market News, Network18