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RIL gets CCI nod for stake purchase in Network18

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Press Trust Of India New Delhi
Last Updated : Jan 20 2013 | 3:44 AM IST

The Competition Commission of India has given approval to Reliance Industries' proposal to buy stake in media entities Network18 and TV18 Broadcast. RIL, through a newly-created vehicle Independent Media Trust, is infusing funds through optionally convertible debentures into Network18 Media and Investments Ltd, the group's holding company, and TV18 Broadcast Ltd.

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First Published: May 30 2012 | 12:41 AM IST

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