TV18 Broadcast Ltd Company History

Global Broadcast News Ltd (GBN), a TV18 Group company and owner of CNN-IBN, has filed its draft red herring prospectus with the Securities & Exchange Board of India to enter the capital market with its initial public offering of equity shares. The company proposes to raise up to Rs 105 crore through the issue of equity shares of Rs 10 each for cash at a premium to be decided through the 100 per cent book-build process.

Our Company was incorporated on June 6, 2005 under the Companies Act

as Global Broadcast News Private Limited. Subsequently, our Company became

a public limited company under Section 44 of the Companies Act with effect from

December 12, 2005 and the name of the Company was changed to Global

Broadcast News Limited.

The registered office of the Company was originally situated at 9th Floor, Videocon

Tower, E-1, Rani Jhansi Road, Jhandewalan Extension, New Delhi 110 005 which

was later shifted to B-2, Kailash Apartment, Lala Lajpat Rai Marg, New Delhi 110 048

with effect from November 15, 2005.

Scheme of Amalgamation

Pursuant to resolutions of the Board of Directors of SRH and our Company dated

May 2, 2006 we have made an application to the High Court of Delhi for approval of

a scheme of amalgamation between our Company and SRH ("Scheme of Amalgamation").

Upon successful implementation of the Scheme of Amalgamation the whole of the

undertaking of SRH comprising all of its assets and liabilities shall be transferred to and

vested in and/or be deemed to be transferred to and vested in our Company. In

consideration for the same our Company shall issue and allot Equity Shares at par to each

shareholder of SRH in the swap ratio as specified under the Scheme of Amalgamation. For

details see section titled "Restructuring" beginning on page 2 of this Draft Red Herring

Prospectus.

Major Events

Year Event

June, 2005 Global Broadcast News Limited was incorporated as a private limited

company.

August, 2005 Global Broadcast News Limited received permission from the MIB to

uplink an English news television channel.

October, 2005 Brand license agreement with CNN and news services agreement with

Turner were executed.

December, 2005 CNN-IBN, the 24 hour English news channel was launched.

July, 2006 Our Company entered into a share purchase, share subscription and

shareholders agreement with Gupta family, BK Fincap Private Limited,

Jagran TV Private Limited and others in relation to acquisition of equity

shares in BK Fincap Private Limited.

Company name has been changed from Global Broadcast News Ltd. to IBN18 Broadcast Ltd.

The Company has splits its face value from Rs10/- to Rs2/-.

IBN18 Raises Rs.62.5 crores from the Sale of Treasury Shares

TV18 Broadcast Ltd Issues Rights in the Ratio of 3:10

Registered Office of the Company has been shifted From 601, 6th Floor, Commercial Tower, Hotel Le-Meridien, Raisina Road, New Delhi To 503, 504 & 507, 5th Floor, Mercantile House, 15, Kasturba Gandhi Marg, New Delhi - 110 001.

Company has changed its name from IBN18 Broadcast Ltd. to TV18 Broadcast Ltd.

TV18 & Viacom18 Form a Strategic Joint Venture

TV18, Viacom JV launch new channel for kid

TV18 Broadcast Ltd Issues Rights in the Ratio of 41:11

TV18, Viacom18 and DisneyUTV Come Together to Form a Distribution Joint Venture in India

The company has appointed Mr. Sachin Gupta as a Company Secretary & Compliance Officer.

TV18 Broadcast have approved amalgamation of four subsidiaries i.e.Equator Trading Enterprises, Panorama Television, RVT Media and ibn18 (Mauritius) into TV18 Broadcast.

"Infosys Completes Acquisition of Fluido,the Largest Salesforce Consulting Partner in Nordics".

News18 India and CNNNews 18 continue their leadership position in respective genres. CNBCTV Continues itts dominant position as an industry leader.

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