News Flash: Web 18 Files For IPO On Nasdaq

Entities Mentioned

• Rediff
• Bombay Stock Exchange
• Network18
• Network18 Media and Investments Ltd
• Web18 Holdings Ltd.
• US Securities and Exchange Commission
• Web18

1. Network18 Media and Investments Ltd, the diversified media conglomerate just announced in a filing to the Bombay Stock Exchange that it has confidentially filed a draft registration statement with the US Securities and Exchanges Commission for an initial public offering of American Depository Shares in its Internet subsidiary Web18 Holdings Ltd. We spoke to group CFO R.D.S Bawa, who said the filing was made sometime in the last two months and the registration process will take another six months, when Web18 will join other Indian Internet firms such as Rediff (NSDQ: REDF) and Sify. ... (Read Full Article)

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