Network18 to sell stake in Newswire18 for 900 million rupees
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)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Surprise Rate Cut
The Reserve Bank of India (RBI) lowered its policy repo rate by 25 basis points to 7.5 percent on Wednesday, its second inter-meeting cut this year on the back of easing inflation and what it said was the "weak state" of parts of the economy. Full Article