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Our Bureau

Chennai, Nov. 27

Sun TV Ltd on Monday announced the merger of its group companies — Gemini TV Pvt Ltd and Udaya TV Pvt Ltd — with itself.

Gemini TV owns five television channels namely Gemini TV, Teja TV, Gemini News, Gemini Music and Gemini Cable Vision, and had a revenue of Rs 175 crore for the year ended March 31, 2006.

Udaya TV owns four television channels — Udaya TV, Udaya Movies, Udaya Varthegalu and Udaya TV II, had a revenue of Rs 94 crore for the year ended March 31, 2006. The board of directors has appointed Enam Financial Consultants Pvt Ltd and DSP Merrill Lynch Ltd as advisors.

More Stories on : Strategy | Mergers & Acquisitions | Radio/TV

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