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 moneycontrol.com 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
Related content: Merger Control in India: Partial Implementation of the ICN Recommended Practices (Neil Campbell & Sorcha O'Carroll, McMillan)
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