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ATN International Ltd., incorporated in Dec.`83 as Arihant Consultants Pvt Ltd, Arihant Credit
Capital (ACCL) became public in Feb.`87. It was renamed ACCL in Jul.`93. The company was promoted
by S K Jain and A Jain. It is engaged in both fund-based and non-fund-based activities like
merchant banking services, consultancy services, corporate counselling, mergers and
amalgamations. ACCL went public in Feb.`94 at a premium of Rs 5 per share to consolidate its
capital base and further augment its long-term resources to meet the needs of its expanding
business. ACCL was conferred the status of a category-I merchant banker by SEBI in May `94. Since
then, ACCL has managed more than 20 public / rights issues as lead manager and has been
associated as co-manager / advisor in a number of issues mobilising over Rs 200 cr. In 1994-95,
ACCL successfully commissioned a 4.1-MW wind power plant at Kayathar, Tamilnadu. During the year 1995-96 the Company received the License for carrying out Money Changing Business
from Reserve Bank of India and has already started operations in the area. In the year 1996-97 the
company entered into a strategic alliance with Asia Television Network Ltd in order to diversify
into the highly potential and lucrative business of programme production and distribution. The
company on 1st May 2001 has entered into an agreement for Airtime sharing with Cygnus
Publications & Communications Pvt Ltd of Mithun Chakraborty to telecast their programmes on
companies channel ATN WORLD. It has also entered into an agreement for Airtime sharing with
Rainbow Productions for telecasting Bengali feature films & other entertainment programmes. ATN
has two digital channels, ATN Bangla and ATN World, which are both Bengali entertainment
channels.
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