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DTH News : Network 18 & TV18 to acquire ETV channels; RIL to fund deal
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#1
Following a TV18 Broadcast Board of Directors meeting today, Network18 & TV18 have announced the acquisition of ETV Group channels and that RIL Trust would be funding this deal. The broad outcome of the meeting states that the proceeds will be used for repayment of existing debt. This development will allow Network18 and TV18 Group’s expansion into regional news and entertainment. With this, the companies will become debt free.

RIL Trust will be funding promoter entities for subscription to Rights Issues. It is also said that Raghav Bahl will retain management and 51 per cent control over Network18 and TV18. The deal will allow Network 18 and TV18 to gain access to Infotel’s 4G Broadband Digital Platform.

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#2
So Mukesh is entering to media field!. Nice days ahead:happy:
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