TV18 Group To Invest Rs 250 Crore In TV, Internet And Triple-Play Areas

Business Standard: The board of Television Eighteen India (TV 18) has approved investments of Rs 250 crore ($55-60 million) in new ventures and acquisitions. According to a release issued by TV 18 to the BSE today, the projects will be in television, Internet and `triple convergence’ areas.
The company also wants to raise Rs 300 crore in equity over a period of time, the release said. It had recently picked up stakes in Jobstreet India and Yatra Online, two consumer internet ventures.

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