Reliance Industries cleared to buy stakes in Network 18 and TV18

May 28, 2012

The Competition Commission of India has approved Reliance Industries' acquisition of stakes in Network 18 and TV18. Network18 runs and TV18 operates several business and news channels. In clearing the deal, the CCI noted the low entry barriers in starting TV channels in India. The two media entities will use RIL's investment of Rs 1,700 to retire debt and buy out part of Reliance Industries' interest in Eenadu.


Full content: NDTV Profit


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