New Delhi Television Cluster: Emerging
Star Recommendation: Buy Price target: Rs375 Current market
price: Rs330
Price target
revised to Rs375 With
funding tie-ups in place for its much-awaited entry into the general
entertainment space New Delhi Television (NDTV) is all set for the
big bang launch of its general entertainment channel (GEC) by the
end of the year. NDTV Imagine, the subsidiary that would house the
entertainment venture, has roped in Sameer Nair, the ex-CEO Star
India who is believed to be the best programming brain in Indian
general entertainment business, to make NDTV Imagine a success. Mr
Nair's entry follows Karan Johar's new association with NDTV's GEC
as a creative consultant and an ambassador for the NDTV brand. Mr
Johar is on the board of NDTV Imagine with his production house
Dharma Productions having a stake in the
company.
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