Raj Television Network Ltd has informed BSE about the following:
"Against the total projected utilization of Rs. 52.81 Crores from the IPO funds, an amount of Rs. 51.36 Crores has been utilized towards Acquisition of contents, strengthening facilities, purchase of new equipment, up gradation of existing equipment, production of Movies, Construction of Studio and general corporate purpose. The balance proceeds from IPO pending utilization have been invested in Fixed Deposits with Banks."
Sensex
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Friday, January 28, 2011
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