They have released quite a stash of cash today. The dividend of Rs67 per share is handsome.
OTT continues to be a major threat – however in India the growth of TV Sets has been positive. Folks are seen to be viewing multiple screens at the same time – with TV being used sometimes for current affairs like news, where TV Today plays the role. Their Digital division is catching the ropes on OTT orientation. Hoping to see progress in that zone. Meanwhile the company has released cash with the probable realization, that cash is best allocated by the investor, than them.
Disclosure: Have been holding from about a decade – hence my Total Return has been positive – hence the bias. No recommendations.
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