Key Developments: Network18 Media & Investments Ltd (NEFI.NS)

NEFI.NS on National Stock Exchange of India

21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

SAIF Partners, Accel Partners and Network18 Media & Investments Ltd invest in BookMyShow, value Bigtree Entertainment Pvt. Ltd.(BookMyShow) at over 10.00 bln Indian rupees
Wednesday, 18 Jun 2014 12:01am EDT 

Network18 Media & Investments Ltd:Bigtree Entertainment Pvt. Ltd., which owns one of India's online entertainment ticketing brand BookMyShow, announced an investment from SAIF Partners and its existing investors Accel Partners and Network18 Media & Investments Ltd.Investors have invested 1.50 bln Indian rupees as part of this round.  Full Article

Network18 Media & Investments Ltd announces revision in credit rating
Wednesday, 11 Jun 2014 01:33am EDT 

Network18 Media & Investments Ltd:Says that ICRA Limited (ICRA) - credit rating agency, has revised/affirmed credit ratings of the company.Long-term rating from [ICRA] BBB+ (pronounced ICRA triple B plus) to [ICRA] A (pronounced ICRA A) and short-term rating from [ICRA]A2+ (pronounced ICRA A two plus) to [ICRA]A1+ (pronounced ICRA A one plus) for 1.40 bln Indian rupees bank facilities of the company.Outlook on long-term rating is revised from "Stable" to "Positive".  Full Article

Reliance Industries Ltd's Independent Media Trust announces acquisition of Network18 Media & Investments Limited including TV18 Broadcast Limited
Thursday, 29 May 2014 09:08am EDT 

Reliance Industries Ltd:Approves funding of upto 4,000 crore indian rupees (40 billion indian rupees) to Independent Media Trust (IMT), of which RIL is the sole beneficiary, for acquisition of control in Network18 Media & Investments Limited (NW18) including its subsidiary TV18 Broadcast Limited (TV18).IMT would use the funds to acquire control over NW18 and TV18 resulting in ownership of about 78pct in NW18 and 9pct in TV 18 and to acquire shares tendered in the open offers.  Full Article

Network18 Media & Investments Ltd CEO and CFO step down-Business Standard
Thursday, 29 May 2014 07:42am EDT 

Network18 Media & Investments Ltd:Says Raman Deep Singh Bawa, the group CFO has also called it quits at the company-Business Standard.After group CEO B Sai Kumar and group COO Ajay Chacko stepped down on May 28.  Full Article

Network18 Media & Investments Ltd's HomeShop 18 Raises $14 Million In Fresh Round Of Funding-Reuters
Wednesday, 23 Oct 2013 08:59am EDT 

Reuters reported that Network18 Media & Investments Ltd's online retail arm HomeShop 18 has raised $14 million in a fresh round of funding, the Company said in a statement. Korean company GS Home Shopping Inc along with OCP Asia and Network 18 were the investors.  Full Article

Network18 Media & Investments Ltd, Viacom Inc. Tie up With Walt Disney Co In India-DJ
Wednesday, 30 Jan 2013 05:06am EST 

Dow Jones reported that Network18 Media & Investments Ltd's equal joint venture (JV) with U.S.-based Viacom Inc. has formed a partnership with Walt Disney Co to gather content and distribute television channels. The partnership will be 74%-owned by IndiaCast Media Distribution Ltd., the Network18-Viacom joint venture and the rest by Disney's India unit, DisneyUTV. Network18 didn't reveal any financial details of the deal but said that both IndiaCast and DisneyUTV will move their domestic distribution businesses to the new venture, offering 35 channels across the cable, direct-to-home and Headend in the sky, or HITS, platforms. The partnership will help Walt Disney, which currently offers only nine channels in the kids, youth and movies segments in India, enhance its visibility and improve revenue generation at a time of rapid growth for the country's media and entertainment industry.  Full Article

Network18 Media & Investments Ltd To Divest Entire Stake In NewsWire18
Monday, 3 Dec 2012 01:53am EST 

Network18 Media & Investments Ltd announced that it has entered into a definitive agreement with Samara Capital to divest its entire stake in NewsWire18. The total transaction will result in proceeds of INR90 Crores (INR900 million) for Network18 in consideration for divesting its entire stake in the business. BMR Advisors acted as the sole transaction adviser to Network18.  Full Article

RPT-Indian media fret as conglomerate buys up major news channel

NEW DELHI/MUMBAI, Aug 3 - Just before Indian conglomerate Reliance Industries Ltd completed a deal to take control of media group Network18 Media & Investments Ltd in early July, two top editors stepped down.

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