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Our Bureau

New Delhi , May 11

THE board of directors of Television Eighteen India Ltd will meet on May 18 to consider the introduction and implementation of TV18 Employee Stock Option Plan, 2004 and TV18 Employees Stock Purchase Plan, 2004. The company is also planning to raise additional resources to fund its future expansion plans.

According to company sources, the first round of stock option scheme where over four lakh shares were issued at five per cent below market price would be exhausted and therefore a second round is being planned. "This is being done to retain talent. The board will decided the quantum of shares to be issued under this scheme."

The company also proposes to raise additional funds to expand its broadcasting business, which will include technology upgradation.

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