Global Broadcast News (GBN), a TV18 group company, has raised Rs 40 crore from Leverage India Fund, a fund managed by IL&FS Investment Managers (IIML).According to a release issued by TV18 to the BSE today, the fund has been raised for GBN's news channel CNN-IBN."The support and funding we have received from a strong investor like IIML puts GBN in a strong spot to build on its growing leadership position within the Indian broadcasting industry," Raghav Bahl, director of GBN, said.
