Raj Television Network Ltd has informed about the following:
Against the total projected utilization of Rs 41.55 Crores upto December 31, 2007 from the IPO funds, an amount of Rs 21.30 Crores has been utilized towards Acquisition of contents and strengthening facilities, purchase of new equipment and up gradation of existing equipment, general corporate purpose and the balance proceeds from IPO after meeting the IPO expenses, pending utilization have been invested in Fixed Deposits with Banks.
Against the total projected utilization of Rs 41.55 Crores upto December 31, 2007 from the IPO funds, an amount of Rs 21.30 Crores has been utilized towards Acquisition of contents and strengthening facilities, purchase of new equipment and up gradation of existing equipment, general corporate purpose and the balance proceeds from IPO after meeting the IPO expenses, pending utilization have been invested in Fixed Deposits with Banks.
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