A PYMNTS Company

Reliance Industries cleared to buy stakes in Network 18 and TV18

By  |  May 29, 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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full content: NDTV Profit

     

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

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.