Kairali TV to expand into Middle East

September 29th, 2011 - 5:45 pm ICT by IANS  

Thiruvananthapuram, Sep 29 (IANS) Communist Party of India-Marxist (CPI-M)-backed Kairali TV Thursday said it will launch a new channel in the Middle East.

The channel’s chairman, superstar Mammootty, made the announcement soon after being re-elected to the post at the firm’s annual general body meeting held here.

The channel has been named Kairali Arabia.

Kairali TV’s income in the last fiscal stood at Rs.67.82 crore, with a profit of Rs.14.60 crore.

Mammootty added that a five percent dividend will be paid to all shareholders in December this year.

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