MUMBAI: Network 18, the holding company of the TV 18 Group, has opened its first day trading on a strong note that touched a high of Rs 394 on the BSE.

The performance outstripped the market expectations, closing on Friday at Rs 366.75. Broking firm Sharekhan had predicted the listing would be in the Rs 320-355 region.

TV18 Group has de-merged its business as part of its exercise to meet the guidelines for news channels uplinking from India. TV18 is already listed and ended today at Rs 623.35.