Anil Ambani-owned Reliance Broadcast Network Ltd (RBNL) has acquired 100% interest in Bollywood music channel Imagine Showbiz from Cinestar Advertising (CAPL), owned by Abhimanyu Singh, for at an undisclosed amount. As a part of this transaction, CAPL recently bought 51% stake from its joint venture partner Turner International, a Time Warner Company, and then sold the entire stake to RBNL.
The acquisition will be done through RBNLDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
