Network18 to sell stake in Newswire18 for 900 million rupees

MUMBAI Mon Dec 3, 2012 1:47pm IST

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MUMBAI (Reuters) - Network18 Media & Investments Ltd(NEFI.NS) will sell its shareholding in news provider Newswire18, the company said in a statement to the stock exchange, in a deal worth 900 million rupees.

The stake has been sold to Samara Capital.

(Reporting by Henry Foy; Editing by Prateek Chatterjee)

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