Home » News » Announcements
Dec 03, 2012, 02.07 PM IST | Source: Moneycontrol.com

Network 18 Media to sell its shareholding in Newswire18 for Rs 90 cr

Network 18 Media to sell its shareholding in Newswire18 for Rs 90 cr

Network18 announced that it has entered into a definitive agreement with Samara Capital to divest its entire stake in Indias premier financial data and news terminal business NewsWire18. This is in line with its stated objective of divesting non-core assets profitably to allow greater focus on its core television and digital businesses. The total transaction will result in proceeds of Rs. 90 crore for Network18 in consideration for divesting its entire stake in the business. The transaction is expected to add approximately Rs 70 crore to Network18s consolidated pre-tax profit for the current quarter.Source : BSE

Read all announcements in Network 18

To read the full report click here

Set email alert for


Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1716.75 10.45 0.61%


Bought today


Sold today


User holding

video of the day

Ambit Cap eyes two years of market cheer; bets on cyclicals

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.