Reliance ADA Group company Reliance Captital has acquired 6.27 percent stake in TV18 controlled Global Broadcast News through open market operations, the Bombay Stock Exchange has been informed. The company purchased 16,75,000 shares of GBN on the 12th of February. [via Indiantelevision]
Reliance Capital’s Media and Entertainment fund has the following portfolio of investments (pdf):

Related:
– GBN Listed At Around 70 Percent Premium; Down Today
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