IOL Broadband rolls out IPTV, allots 16 lakh shares

Mumbai City-based IOL Broadband Ltd on Saturday, said it has rolled out its first IPTV service in the city and has allotted 16 lakh equity shares to shareholders.

The company rolled out the country's first IPTV service in Mumbai with leading telecom major Mahanagar Telephone Nigam Ltd (MTNL). IOL Broadband entered into strategic partnership with MTNL for providing content delivery network, the company informed the Bombay Stock Exchange.

IOL Broadband also allotted 16 lakh equity shares of Rs 10 each at a premium of Rs 79 per share, in terms of the special resolution passed by the shareholders on September 29, it added.