Raghav Bahl sells 3 lakh shares of TV18

Television Eighteen India, in a release issued to the NSE today, said promoter Raghav Bahl has sold 3 lakh equity shares of the company to Network 18 Fincap Pvt Ltd for Rs 19.20 crore.

"Network 18 Fincap acquired 3 lakh equity shares of TV18 at Rs 640 per share through a block deal on the stock exchange," the release said.

The block deal was pursuant to the scheme of arrangement by the Delhi High Court, the release added.