SAR Televenture announces Rs 450 crore rights issue, FPO

SAR Televenture announced a composite equity issue of Rs 450 crore, comprising a rights issue of up to Rs 300 crore and a follow-on public offering (FPO) of up to Rs 150 crore.

The rights issue will comprise 1.50 crore equity shares of Rs 2 each at an issue price of Rs 200 per rights share (including a premium of Rs 198 per rights share). The issue will open on July 15 and close on July 22.