Sri Adhikari Brothers

Sri Adhikari Brothers to raise over Rs 25.50 crore

Sri_Adhikari_BrothersSri Adhikari Brothers Television Network, which operates in the field of television programming and program content in India, has decided to raise over Rs 25.50 crore by issuing warrants to various entities on preferential basis to finance expansion plans and for repaying a part of its debt.

The company stated in a communiqué that the board of directors have agreed to issue 1.01 crore convertible warrants to promoters and other private bodies corporate entities at Rs 25.25 a piece, aggregating to Rs 25.50 crore.

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