 "Reliance Industries Chairman Mukesh Ambani at the 40th AGM of the company in Mumbai. (Photo: PTI)")
Reliance Industries on Monday announced consolidation of its all media and distribution businesses under one umbrella brand 'Network18'.
Under the scheme of arrangement, TV18 Broadcast, Hathway Cable & Datacom and Den Networks will merge into Network18 Media & Investments, which will be an integrated media and distribution company with a revenue of Rs 8,000 crore. The restructuring will create value-chain integration, and render substantial economies of scale. It also simplifies the corporate structure of the group by reducing the number of listed entities, said a statement by TV18 Broadcast Ltd.
"Reliance Industries announced a consolidation of its media and distribution businesses spread
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