Sea TV Network Ltd share Price

Sea TV Network Ltd is a well known name in the field of Electronic Media in the Heritage city of Agra. The company is an ISO 9001:2000 public limited company engaged in providing services of a Multi System Operator (MSO) to various local cable operators of Agra and adjoining areas. The company has their local channels and programs, which primarily focus on Agra city/ UP State news/ events and information. Their channels include Sea TV, Sea News, Sea Bhakti, Sea Jinvani, Sea Cinema, Sea Music, Sea Theatre, and Sea Beats. SEA TV Network Ltd was incorporated on May 21, 2004 at Agra in Uttar Pradesh. The company is one of the three MSOs in the Agra region. The promoters of the company are in this line of activity since about 16 years and are well conversant with the Cable TV industry. The promoters of the company, the Jain brothers started their cable TV business in the year 1992 in the name of `Shubham Cable Satellite`. They made a tie up with various organized market participants and started taking signals from them at both locations. It may be noted here that upto this time the status of the Jain brothers was that of an LCO (Local Cable Operator). In January 2003, the Jain brothers started business operations under SPN Trust, an existing family trust, for having smoother operations and better control over their business, under the name and style of `Sea TV`. Since the first day of commencement of business operations under SPN Trust, they acquired the status of a full fledged MSO (Multi System Operator). In May 21, 2004, the company was incorporated to carry on the business in a more organized and streamlined manner as a corporate entity. The company purchased the entire business of the SPN trust along with the assets and cable network. In the year 2009, the Ministry of Information and Broadcasting, Government of India gave their permission for up-linking and down-linking of non-news and current affairs TV channel `Jinvani` in Hindi, English and all other Indian languages and for news and current affairs TV channel `Sea News` in Hindi, English and all other Indian languages. In August 12, 2010, the company has made 3 applications to the Ministry of Information & Broadcasting for uplinking TV channels with news and current affairs in the name of `Real News`, `Ocean TV` and `Your TV`. The company plans to set-up complete infrastructure/facilities for providing TV Channels through Digital Transmission through Conditional Access System (CAS) using IPTV format in whole of Agra City and adjoining areas. CAS is a system through which one can control the delivery of channels to only those subscribers who demand and pay for such channels. The company proposes to install Optical Fibre Network with Optical Cable having 48 lines and they reserve 33 lines for own use against the immediate requirement of 15 lines. They propose to give remaining 15 lines network on rent to third parties which would translate into an additional source of income for the company.