invest in Network18 and TV18, to help fund promoters of the media
firms to acquire a bouquet of regional channels from the Eenadu group.
"Independent Media Trust, a trust set up for the benefit of RIL, has
agreed to fund the promoters of Network18 and TV18 to enable them to
subscribe to the proposed rights issue announced by both the companies
today," RIL said in a statement.
The investment would result in making the two firms debt free. And in
return, RIL would have access to the digital content of the media
group for distribution through its 4G broadband network being set up
by the company.
go for more details
:http://www.pravasitoday.com/reliance-industries-to-invest-in-network-18-tv18
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