January 31, 2018 / 12:02 PM / 24 days ago

BRIEF-India's TV18 Broadcast Raises Stake In Viacom18 Media To 51 Pct

Jan 31 (Reuters) - Tv18 Broadcast Ltd:

* ENTERED AGREEMENT WITH MTV ASIA VENTURES (INDIA) FOR PURCHASE OF SHARES OF VIACOM18 MEDIA

* DEAL FOR CASH CONSIDERATION OF $20 MILLION

* CO WILL BUY CONTROL AND HOLD 51 PCT OF EQUITY CAPITAL OF VIACOM 18 Source text - bit.ly/2Ft8V6f Further company coverage:

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