Anil Ambani’s Reliance Capital is most upbeat about media business in India. Soon after picking 6 per cent stake in Global Broadcast Network, the group has hiked its stake in TV Today to 10.27 per cent. The Anil Ambani Group has picked up an additional 0.96 per cent stake in TV Today from open market. The price: Rs 6.50 crore ($1.5 million). Reliance Capital’s subsidiary Sonata Investments has done the deal.
Last week, Reliance Capital picked up 6.27 per cent in GBN for Rs 87 crore. See Reliance’s media portfolio here.
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