Who owns cnbc tv18

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In the year till March , before the investment, the company reported operating losses worth Rs. In the year till March , it turned profitable at the Ebitda earnings before interest, tax, depreciation and amortization level, with a profit of Rs. Everyone wishes they could turn the clock back. Bawa have all quit after the announcement. For RIL, the takeover is a strategic move for its 4G telecom play in the country. To put it simply, RIL now has access to all the content put out by the Network18 group; this includes in.

This structure might not have required RIL to consolidate the results of Network 18 with its own. Because in the middle lies a trust, the IMT. The proposed shareholding by IMT after the acquisition including the open offer would be Going ahead with this, RIL now has to explore various synergies to benefit all the stakeholders in the coming years.

And with Bahl announcement that the group is in terrific hands Mr. In January , RIL had extended an undisclosed amount of loan to Network18 Group in the form of optionally convertible debentures. The deal was shrouded in opacity and questions such as the tenure of the debt, the nature of the OCDs and if they were converted into equity, how much stake would IMT end up owning in the broadcast network remained unanswered.

In its announcement today, RIL answered some of these questions. Subsequently, IMT will make an open offer to public shareholders for acquisition of equity shares of the two companies and another subsidiary Infomedia Press Ltd.

RIL is the countrys largest private sector company with revenues in excess of Rs 4 lakh crore and cash profit of around Rs crore.