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RIL to buy Network 18 Media

RIL to buy Network 18 Media

May 30, 2014, at 02:59 am

Mumbai, May 29 (IBNS): The Board of Reliance Industries Limited (RIL) on Thursday approved funding of upto Rs. 4,000 crore to Independent Media Trust (IMT), of which RIL is the sole beneficiary, for acquisition of control in Network 18 Media and Investments Limited (NW18), including its subsidiary TV18 Broadcast Limited (TV18) and the Open Offers to be made consequent to the acquisition.

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RIL to buy Network 18 Media Thu, May 29 2014