Sun TV Network Ltd has submitted to BSE a copy of statement on utilization of issue proceeds.
"Against the total projected utilization of Rs 572 Crores (net of issue expenses) from the Initial Public Offering (IPO) funds, an amount of Rs 310.36 Crores has been utilised towards capitalization of subsidiaries, Rs 80.32 Crores towards launch of new channels and purchase of new equipment and up-gradation of existing equipment; and Rs 55.35 Crores towards construction of owned corporate office. The balance proceeds from the IPO after meeting the IPO expenses, pending utilization have been invested in fixed deposits with banks."
| NIFTY 
