At the meeting of Board of Directors of Hum Network, held on 11th of August, it was decided that a new news channel by the name of Hum News will be launched. The Board of Directors gave its approval to exploit available opportunities in the news genre.
The board of directors has authorized the management of the company to do any acts necessary to complete any corporate, legal and ancillary formalities related to the execution of the project which is to completed in the near future.
Originally, the company was incorporated in Pakistan as a public limited company in February 2004 in the name of Eye TV Limited and later on 18 November 2004 the name was changed to Eye Television Network Limited, and finally on 21 January 2011 the Company name was changed to Hum Network Limited (HNL).
Initial Public Offering for HNL shares was made in June 2005 and the Company was formally listed at the Karachi Stock Exchange in August 2005.
The script HUMNL is currently being traded at Rs 10.70 in KSE 100 which is currently at the level of 45362.8 with 276 points loss.
For the first time in Pakistan a company entered into a share split, the board proposed a subdivision of a company’s capital from Rs 10 to Re 1 per share which was approved in the AGM held on October 27, 2014.
The Authorized and the Paid up Capital of the Company is Rs.1,500M and Rs.945M respectively.
It has the following brands within the television medium