If TV18 founder Raghav Bahl needs some cash, what will he do? Sell some shares. Why not? When the price is at Rs 650-levels, it’s a good idea to do it. He did. He sold some 300,000- shares of Television Eighteen India to Network 18 Fincap Pvt Ltd at Rs 640 a share. This nets him a cool Rs 19.20 crore ($4.26 million). TV18 owns four TV channels, besides a host of internet properties.
The block deal was pursuant to the scheme of arrangement by the Delhi High Court. [Via Business Standard]
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post