Anil Dhirubhai Ambani Group (ADAG) is all set to hike it
s stake in the TV today Network, broadcasters of 24x7 news channels–Aaj Tak, Headlines Today and Tej. ADAG has made an open offer to TV Today Group to acquire an additional 20% stake in the media company through Reliance Capital. The proposed price by ADAG is Rs.130.50 per share. ADAG currently holds more than 12% stake in the company. However, Reliance has made it clear that it does not intend any management change and the hike is solely with an investment purpose. The TV Today Group is looking at launching regional channels in the coming months.
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s stake in the TV today Network, broadcasters of 24x7 news channels–Aaj Tak, Headlines Today and Tej. ADAG has made an open offer to TV Today Group to acquire an additional 20% stake in the media company through Reliance Capital. The proposed price by ADAG is Rs.130.50 per share. ADAG currently holds more than 12% stake in the company. However, Reliance has made it clear that it does not intend any management change and the hike is solely with an investment purpose. The TV Today Group is looking at launching regional channels in the coming months.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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