MUMBAI: Raj Television Network has got a new chief financial officer (CFO). In a statement to the BSE, the Network has said that as recommended by audit committee and remuneration committee of the company as well as after approval by Board meeting that was held on 28 April, S Jeyaseelan has been appointed as the CFO of the company.

His appointment is effective from 1 April 2014. Jeyaseelan was earlier the company’s manager of finance since the last 19 years.

Raj Television is a 20 year old company based in Chennai and promoted by four brothers. Recently, the company was on a lookout for equity investors to fund its growth plan by raising Rs 200 crore through stake sale.

Raj Television Network operates 12 channels in Tamil, Telugu, Kannada, Malayalam and Hindi.