May 27, 2016 2:38 AM ET

Media

Company Overview of Associated Broadcasting Company Private Limited

Company Overview

Associated Broadcasting Company Private Limited, a media company, broadcasts news. It operates news channels in Andhra Pradesh, Karnataka, Gujarat, Kolkata, Mumbai, Delhi, Kerala, and Chennai to broadcasts news. The company was founded in 2003 and is based in Hyderabad, India.

#97, Road No. 3

Banjara Hills

Hyderabad,  500034

India

Founded in 2003

Phone:

91 40 2335 2336

Fax:

91 40 2335 1553

Key Executives for Associated Broadcasting Company Private Limited

Founder and Chief Executive Officer
Chief Financial Officer
Head of Network Revenue and Director
Senior Vice President of Sales and Marketing - Tv9
Technical Head
Compensation as of Fiscal Year 2015.

Associated Broadcasting Company Private Limited Key Developments

Rameswar Rao In Talks To Buy TV9 Channels

Jupally Rameswar Rao is in talks to buy Associated Broadcasting Company Private Limited (ABCPL). Rao, founder of My Home group and known to be close to Telangana Chief Minister K Chandrasekhar Rao's family , is said to have developed interest in media business post Telangana formation and was looking at investing in regional language news channels. ABCPL, the company that operates six news channels under TV9 brand, was promoted by Ravi Prakash and Srini Raju's investment entities iLabs Venture Capital and Chintalapati Holdings. Ravi Prakash, who currently acts as chief executive officer, owns around 10% stake and a few of his colleagues together own another 10%, while the balance close to 80% is held by Raju's investment arms. However, the person close to the negotiations said: "The negotiations are still on." Ravi Prakash and Srini Raju didn't respond to messages.

Associated Broadcasting Company Reportedly Receives Expressions Of Interest

Associated Broadcasting Company, which owns a network of news channels under the TV9 brand, has received expressions of interest from Information Tv Pvt. Ltd. (ITV) and Prasad V Potluri after it was put on the block, people familiar with the matter told The Times of India. TV9 is majority owned by Peepul Capital LLC (iLabs Capital) which holds a 60% stake, while SAIF Partners has minority shares in TV9. ITV and a consortium led by Potluri placed their interests, which valued Associated Broadcasting Company at around INR 4 billion, making them strong contenders in the fray that includes others as well. Edelweiss Capital is running the sale process. When contacted, Srini Raju of iLabs Capital and Edelweiss declined to comment, reported TOI. Prasad V Potluri did not respond to queries and calls at the time of going to press, while ITV's Chief Executive Officer for broadcasting RK Arora said the group was looking to expand to southern markets but was not in talks with TV9, TOI reported.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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