Indiantelevision.com: NRI businessman C Sivasankaran is picking up 14.98 per cent stake in Sahara One Media & Entertainment (a leading TV and bollywood production house) for Rs 1.2 billion ($26.6 million). Ernst & Young has valued the company at Rs 7 billion ($155.5 million).
Sahara One will make a preferential allotment of 32,25,000 shares (of Rs 10 each) at Rs 372 per share to Sivasankaran’s Aircel Televentures Ltd. Now the promoters hold 73 per cent, while another key stakeholder is BCCL with 6 per cent, and the rest is with the public.
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