Gradiente Infotainment Ltd launches Business News Channel

Gradiente Infotainment Limited (Gradiente), announced the launch of its Business News Channel, "Gradiente Business" at a project outlay of INR 7.00 Billion (700 crores), as a part of its internet business.

"Gradiente Business" shall act as a platform for Indian and other global corporates, SMEs, Scientific Research organizations, etc., enabling global market perspectives.

This channel shall cater to, Publicity activities, Investor & Press Conferences, Round Table meetings, Current Affairs, Interviews with Leading Business Heads and Heads of Governments, etc.

The entire expansion is likely to be funded partly by private placement, preferential allotment, debt & ADRs. Currently, Gradiente is actively traded on Bombay Stock Exchange (BSE). The company completed its first round of funding by way of preferential allotment of 19,357,600 equity shares @ Rs. 10/- per share, thereby increasing its authorized capital to 42,000,000 shares & paid-up equity to 41,875,000 shares.

Shares of Gradiente Infotaintment Ltd was last trading in BSE at Rs. 6.67 as compared to the previous close of Rs. 6.73. The total number of shares traded during the day was 107212 in over 72 trades.

The stock hit an intraday high of Rs. 7.06 and intraday low of 6.50. The net turnover during the day was Rs. 755559.00.

Source : Equity Bulls

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GradienteInfotainment INE361K01017 Media BusinessNewsChannle GradienteBusiness