TV Today Network shares soar 8% after co shuts Radio FM 104.8 biz

Shares of TV Today Network were in demand after the company’s board approved closure of FM radio broadcasting operations of the company comprising three FM radio stations in Mumbai, Delhi and Kolkata under the frequency 104.8 FM.

TV Today Network share price surged 7.5 per cent at Rs 713.55 per share on the BSE in Thursday’s intraday deals.

The company in an exchange filing said that the radio business is expected to be closed in nearly one to six months.