TV18 To Consolidate Internet Businesses Under Web18; To Raise Funds

0 Comments TV18 Group is planning to hive off its internet businesses under a new entity Web18. This will lead the acquisitions of other internet businesses and websites. A company EGM on 29 June will also approve Web18’s plans to raise funds from strategic and financial investors via private placement or public listing. The TV18 Group, however, will retain control and at least 51 per cent of the voting rights of Web 18.

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