TV Today Network Declines On Plans To Sell Radio Channels — Shares of the TV news channel operator’s fell as much 7.7 percent, the most in nearly six months, to Rs 482.
The company halted its plan to transfer some of its radio channels to Vibgyor Broadcast Pvt Ltd. and rather planned to sell three radio stations of Ishq 104.8 FM to Entertainment Network India Ltd. (ENIL).
Trading volume was 3.9 times its 30-day average. The stock rose 13 percent so far this year, compared to 2.6 percent decline in Sensex.
