CNBC-TV 18 Picks Up 50 Per Cent In For $2 Million

Updated (05/04/2006): CNBC-TV 18 has informed Bombay Stock Exchange that it has picked up 50 per cent stake in for $2 million. The investment “is in line with the Group’s increasing focus on the growing Internet opportunity in India,” said the company. It will also provide media support to Jobstreet.
(03/04/06): This is CNBC-TV 18’s second dotcom investment in the last three months. It has picked up a 50 per cent stake in Malaysia-based, a jobs portal, for an undisclosed amount, according to a report in Jobstreet is present in seven Asian countries including India.
In January, CNBC-TV 18, alongwith Reliance Capital and Norwest Venture Partners, had picked up stake in an online travel startup Yatra Online. CNBC-TV 18 is a highly successful TV network in India. It owns the eponymous business channel and a Hindi consumer channel Aawaz. It also has a stocks information portal

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