India’s largest private sector company Reliance Industries Ltd(RIL) Thursday May 29,2014 announced its acquisition of the country’s largest news broadcaster
Network18 Group that through its subsidiary TV18 Broadcast Ltd operates a
set of channels including CNN-IBN, IBN7, CNBC-TV18 and CNBC Awaaz. The
group also operates ETV News Network that runs close to a dozen news
channels in many regional languages.
The Board of RIL on Thursday approved funding of up to Rs 4,000 crore to
Independent Media Trust (IMT), of which RIL is the sole beneficiary,
for acquisition of control in Network 18 Media & Investments Ltd
(NW18), including its subsidiary TV18 Broadcast Ltd (TV18), the company
said in a statement.
Reliance Industries Ltd(RIL) is the country’s largest private sector company with revenues in excess of Rs 4 lakh crore and cash profit of around Rs 31000 crore.
The Network18 Group is a media and entertainment behemoth with interests in broadcasting, films, digital media, e-commerce, publishing, mobile content and allied businesses
Reliance Industries Ltd(RIL) is the country’s largest private sector company with revenues in excess of Rs 4 lakh crore and cash profit of around Rs 31000 crore.
The Network18 Group is a media and entertainment behemoth with interests in broadcasting, films, digital media, e-commerce, publishing, mobile content and allied businesses
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