Leading television network NDTV Ltd has floated a subsidiary abroad. It is incorporated in the Netherlands and called NDTV Networks BV. NDTV will hold, besides NDTV Networks Plc, its subsidiaries like NDTV Imagine (the new entertainment channel), NDTV Lifestyle (content production), NDTV Convergence (new media businesses), NDTV Labs and 50 per cent in NGEN Media Services.
The company has also applied for the approval of Foreign Investment Promotion Board (FIPB). It’s believed to be investing in $130-160 million in the form of foreign direct investment (FDI). Indiantelevision.com quotes media reports suggesting the Netherlands subsidiary would raise funds in the overseas market, particularly through listing on the Alternative Investment Market (AIM) segment of the London Stock Exchange.
Besides, NDTV plans to invest $106 million in NDTV Imagine (a non-news Hindi mass entertainment channel), while about $25.23 million would be pumped into NDTV Lifestyle, a company engaged in the business of content production for TV channels dedicated to travel, food, fashion, shopping and health and wellness in India and abroad.
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