Sahara One Media & Entertainment Ltd said it will raise 50 million dollars through issue of equity shares or Foreign Currency Convertible Bonds in international markets.
Sahara One Media and Entertainment Ltd said on Monday Aircel Televentures would acquire its 14.98 per cent stake for Rs 119.97 crore (Rs 1.19 billion).
Shares of two Sahara firms fell by up to 5 per cent on Wednesday, after the group's chief Subrata Roy and two directors were jailed for a week for not complying with the Supreme Court order on refunding around Rs 20,000 crore (Rs 200 billion) of investors money.
Shares of Sahara Housingfina Corporation on Monday fell 4.39 per cent on the BSE after Sahara chief Subrata Roy was arrested by the Lucknow police.
The top court last week gave Sahara a final chance to raise funds.
R-ADAG has taken on board Ashutosh, the business head of Sahara One and Entertainment's Hindi movie channel Filmy, as the COO for its upcoming movie channels.
A day after the Delhi high court stayed the release of Gulaab Gang, the film's producers have moved to a larger bench against the order.
Maintain a safe distance from people who are reluctant to share their real names or photos with you, advises Ravi Mittal, founder, Quack Quack, an online dating app.
Rose Valley is one of the biggest money businesses after Sahara.
Top leaders from India Inc may be busy throughout the year, but they too have a very strong social life beyond work.
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