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TV18 Broadcast Ltd completes acquisition of ETV channels

Wednesday, 22 Jan 2014 09:17am EST 

TV18 Broadcast Ltd:Has successfully completed the acquisition of 100 pct interest in regional news channels in Hindi namely ETV Uttar Pradesh, ETV Madhya Pradesh, ETV Rajasthan, ETV Bihar and ETV Urdu channel.50 pct interest in ETV Marathi, ETV Kannada, ETV Bangla, ETV Gujrathi and ETV Oriya and.24.50 pct interest in ETV Telugu and ETV Telugu news.TV18 will have Board and Management Control of ETV News Channels and ETV non Telugu GEC Channels.The interest in being transferred to TV18 with effect from Jan. 22.TV18 has paid a sum of 20.53 billion in accordance with the share purchase agreement. 

Company Quote

2.1 +5.75%
6:26am EDT