Reliance Industries Ltd said it will acquire a 5 per cent equity stake in the NYSE-listed Eros International Plc for $48.77 million. RIL has picked the equity at a price of $15 per share, which represents an 18 per cent premium to the last closing price.
Zee Entertainment Enterprise Ltd believes that the next phase of its growth will come from the digital vertical.
The Enforcement Directorate (ED) has issued fresh summons to Karti Chidambaram, son of senior Congress leader P Chidambaram, in connection with the INX Media money laundering case, official sources said.
Viacom18 Media Pvt Ltd launched Tamil General Entertainment Channel ‘Colors Tamil’ in Chennai today. The channel will begin telecasting original content from February 20.
Baba Ramdev, who regularly hits the headlines for making controversial statements about MNCs, will soon be a subject of a TV series based on his life story.
Zee Group’s DTH arm Dish TV has said it intends to go ahead with its merger with rival Videocon D2H.
Zee Group’s DTH arm Dish TV said it intends to go ahead with its merger with rival Videocon D2H.
Shares of Dish TV gained on Videocon merger hopes. The satellite TV operator stock rose as much as 4.2 per cent to Rs 76.90.
Discovery JEET is aiming to break the clutter in the Hindi general entertainment channel (GEC) arena. The channel will be launched on February 12 with five hours of daily programmes, out of which three hours will be original programming.
Mukesh Ambani-owned TV18 Broadcast has announced that it will take control of Viacom18 Media Private Ltd by increasing its stake to 51 per cent. Viacom18 is a joint venture between TV18 and Viacom Inc. TV18 will acquire an additional one per cent of Viacom18’s equity from Viacom Inc for $20 million (about ₹128 crore) to…