In one of the biggest deals in the media industry, Mukesh Ambani-controlled Reliance Industries Ltd (RIL) on Thursday said it will acquire control in Network 18 Media & Investments Ltd, including its subsidiary TV18 Broadcast Ltd.
The board of RIL approved funding of up to Rs. 4,000 crore to Independent Media Trust (IMT), of which RIL is the sole beneficiary, for acquisition of control in Network 18 and its subsidiaries, the company said in a statement.
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Channels that comes under TV 18 / Network 18 are
CNBC TV18 Prime HD,
History TV18 HD,
ETV Andhra Pradesh
ETV News Bangla,
ETV News Kannada,
ETV Bihar Jharkhand,
ETV Madhya Pradesh Chatishgarh,
ETV Uttar Pradesh Uttarakhand,